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Ian M. Cumming

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  1. Merger Agreement a Boon to Jefferies; End of an Era for Leucadia

    Commentary

    Mon, 12 Nov 2012

    Steinberg will remain active as chairman of Leucadia, with Brian Friedman of Jefferies assuming the president role, while Ian Cumming will retire as Jefferies' Richard Handler assumes control of the combined company as CEO. In many ways, this transaction

  2. Leucadia Invests in Jefferies

    Commentary

    Mon, 21 Apr 2008

    In return, Leucadia will receive 26,585,310 shares of Jefferies and $100,021,353 in cash. Leucadia's chairman Ian Cumming and president Joseph Steinberg will be appointed to Jefferies' board of directors. The approximately 26 million Jefferies

  3. Leucadia under Review

    Commentary

    Mon, 17 Mar 2008

    has thus far has acquired over a 25% stake in the company. We are not surprised by the investment as Leucadia's chairman Ian Cumming and president Joseph Steinberg have had experience investing in subprime auto lending in the past. Leucadia owned a subprime

  4. AmeriCredit Adds Board Members

    Commentary

    Thu, 6 Mar 2008

    AmeriCredit ACF announced that it has appointed two new members to its board: Ian M . Cumming and Justin R. Wheeler, both of investment firm Leucadia LUK. We think Leucadia's recent 26.5% investment is a welcome vote

  5. Leucadia Makes Iron Ore Investment

    Commentary

    Wed, 19 Jul 2006

    certain areas of the project. We weren't overly surprised by this move, since at the last annual meeting both chairman Ian Cumming and president Joe Steinberg indicated that they were looking to deploy capital into more offshore investments. We also like

  6. Leucadia's Looking Offshore

    Commentary

    Wed, 17 May 2006

    hasn't changed, we did glean some important insights into the firm's future. Our fair value estimate is $52 per share. Ian Cumming and Joseph Steinberg--Leucadia's savvy management team--indicated that they are seeking to make more international

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