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SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
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FORM 8-K
CURRENT REPORT PURSUANT
TO SECTION 13 OR 15(D) OF THE
SECURITIES EXCHANGE ACT OF 1934
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Date of Report (Date of Earliest Event Reported): July 2, 1998
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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 and Exhibits
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(c) Exhibits
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99.1 Press release of Leucadia National Corporation dated July 2,
1998.
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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: July 2, 1998
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EXHIBIT INDEX
Item No.
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99.1 Press release of Leucadia National Corporation dated July 2, 1998.
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Exhibit 99.1
LEUCADIA NATIONAL CORPORATION
315 PARK AVENUE SOUTH
NEW YORK, NEW YORK 10010
212-460-1900
FOR IMMEDIATE RELEASE
CONTACT: L. ULBRANDT
(212) 460-1900
LEUCADIA NATIONAL CORPORATION
ANNOUNCES AGREEMENT TO SELL
INTEREST IN ARGENTINE INSURER
NEW YORK, NEW YORK -- JULY 2, 1998. LEUCADIA NATIONAL CORPORATION (NYSE AND PCX:
"LUK") ANNOUNCED TODAY THAT IT HAD AGREED TO SELL A 25% INTEREST IN THE
PRIVATELY HELD ARGENTINE INSURANCE HOLDING COMPANY, CAJA DE AHORRO Y SEGURO
S.A., TO A PRIVATE ARGENTINE COMPANY THAT IS ALSO AN INVESTOR IN CAJA FOR $140
MILLION. OF THE TOTAL PURCHASE PRICE, $100,000,000 WILL BE PAID IN CASH AND THE
BALANCE WILL BE A TWO YEAR SECURED INTEREST-BEARING PROMISSORY NOTE.
CONSUMMATION OF THE TRANSACTION WOULD LEAVE LEUCADIA WITH A 5% INTEREST IN CAJA.
THIS TRANSACTION IS SUBJECT TO APPROVAL OF THE CENTRAL BANK OF ARGENTINA. NO
ASSURANCE CAN BE GIVEN THAT SUCH APPROVAL WILL BE RECEIVED OR, IF RECEIVED, AS
TO THE TIMING OF SUCH APPROVAL. IF THE TRANSACTION IS CONSUMMATED, LEUCADIA
EXPECTS TO RECORD A PRE-TAX GAIN OF APPROXIMATELY $100,000,000.
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