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SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 8-K
CURRENT REPORT PURSUANT
TO SECTION 13 OR 15(D) OF THE
SECURITIES EXCHANGE ACT OF 1934
Date of Report (Date of Earliest Event Reported): September 30, 1997
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LEUCADIA NATIONAL CORPORATION
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(Exact Name of Registrant as Specified in its Charter)
NEW YORK
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(State or Other Jurisdiction of Incorporation)
1-5721 13-2615557
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(Commission File Number) (I.R.S. Employer Identification No.)
315 PARK AVENUE SOUTH, NEW YORK, N.Y. 10010
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(Address of Principal Executive Offices) (Zip Code)
(212) 460-1900
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(Registrant's Telephone Number, Including Area Code)
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(Former Name or Former Address, if Changed Since Last Report)
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Item 5. Other Events
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The information set forth in the press release issued
by Leucadia National Corporation, attached hereto as Exhibit
99.1, is incorporated herein by reference.
Item 7. Financial Statements, Pro Forma Financial Statements
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and Exhibits
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(c) Exhibits
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99.1 Press release of Leucadia National Corporation dated
October 1, 1997.
2
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SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934,
the registrant has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.
LEUCADIA NATIONAL CORPORATION
By: /s/ Joseph A. Orlando
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Joseph A. Orlando
Vice President and
Chief Financial Officer
Date October 1, 1997
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EXHIBIT INDEX
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Item No.
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99.1 Press release of Leucadia National Corporation dated
October 1, 1997.
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LEUCADIA NATIONAL CORPORATION
315 PARK AVENUE SOUTH
NEW YORK, NEW YORK 10010
212-460-1900
PRESS RELEASE
FOR IMMEDIATE RELEASE
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October 1, 1997
Contact: L. Ulbrandt
212-460-1900
LEUCADIA NATIONAL CORPORATION
COMPLETES SALE OF COLONIAL PENN LIFE
INSURANCE COMPANY TO CONSECO, INC.
New York, New York ... Leucadia National Corporation (NYSE and PSE: "LUK") today
announced the completion of the sale of its life insurance subsidiaries Colonial
Penn Life Insurance Company and Providential Life Insurance Company and certain
related assets to Conseco, Inc., for $460 million payable in cash and notes.
These companies are principally engaged in the sale of "graded benefit life"
insurance policies through direct marketing and agent-sold Medicare supplement
insurance.
Leucadia National expects to report a pre-tax gain on the transaction of
approximately $300 million. For calendar year 1996, the operations sold
accounted for revenues of approximately $230 million and pre-tax earnings of
approximately $48 million.
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