The board of Jefferies Financial Group Inc., which owns 7,514,477 shares or about 15.4% of the common stock of Spectrum Brands Holdings Inc., approved a distribution to stockholders of Jefferies of Spectrum Brands shares.
Jefferies will distribute the 7,514,477 Spectrum Brands shares through a special pro rata dividend effective Oct. 11 to Jefferies' stockholders of record as of the close of business Sept. 30. Stockholders of Jefferies will receive about 0.025 of a Spectrum Brands common share for each Jefferies common share held as of the record date.
Based on closing market prices on Sept. 13, the dividend reflects a distribution of about $1.50, or 7.4%, per Jefferies share.
