Article: Jefferies Group, Inc. Announces the Pricing of $300 Million of Convertible Senior Debentures.

Jefferies Group, Inc. (the "Company") (NYSE: JEF) announced the pricing of $300 million aggregate principal amount of its 3.875% convertible senior debentures. The underwriters for the offering will also have the option to purchase up to $45 million principal amount of additional debentures solely to cover over-allotments, if any.

The debentures will pay interest semi-annually at a rate of 3.875% per annum. Holders of the debentures may elect to convert their debentures under certain circumstances. Upon conversion, the Company will deliver to such converting holders either shares of the Company's common stock, cash or a combination of cash and shares, at its ...

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