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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 6, 1999
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.
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 and Exhibits.
(c) Exhibits.
99.1 Press release of Leucadia National Corporation dated July 6, 1999.
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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/ Barbara L. Lowenthal
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Barbara L. Lowenthal
Vice President
Date: July 6, 1999
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EXHIBIT INDEX
Item No.
99.1 Press release of Leucadia National Corporation dated July 6, 1999.
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Exhibit 99.1
LEUCADIA NATIONAL CORPORATION
315 PARK AVENUE SOUTH
NEW YORK, NEW YORK 10010
212-460-1900
PRESS RELEASE
July 6, 1999
FOR IMMEDIATE RELEASE
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Contact: L.Ulbrandt (212) 460-1900
LEUCADIA NATIONAL CORPORATION
ANNOUNCES SALE OF LIFE INSURANCE SUBSIDIARIES
New York, New York --- Leucadia National Corporation (NYSE and PCX: "LUK") today
announced that it had completed the previously announced sale of its remaining
life insurance subsidiaries, Charter National Life Insurance Company and
Intramerica Life Insurance Company, to Allstate Life Insurance Company, for
statutory surplus at the date of sale plus $3,575,000. The company will record a
pre-tax gain of approximately $12,000,000 in the third quarter results of
operations, which includes recognition of deferred gains from prior reinsurance
transactions.
Leucadia National Corporation is a holding company for its consolidated
subsidiaries engaged in property and casualty insurance (through Empire
Insurance Company and Allcity Insurance Company), manufacturing (through its
Plastics Division) and banking and lending (principally through American
Investment Bank, N.A.). The Company also currently has equity interests of more
than 5% in the following domestic public companies: Carmike Cinemas, Inc. (6% of
Class A Shares), GFSI Holdings, Inc. (6%), Jordan Industries, Inc. (10%), Jordan
Telecommunications Products, Inc. (10%) and MK Gold Company (47%).
