Leucadia National Q4 Profit Down - Quick Facts

(RTTNews) - Leucadia National Corp. (LUK) Friday reported fourth-quarter profit of $8.55 million or $0.02 per share, down from $454.17 million or $1.83 per share in the same period last year.

Revenues improved to $2.92 billion from $2.78 billion last year.

Additionally, the company has entered into a definitive agreement with HomeFed Corp., wherein HomeFed will acquire certain of Leucadia's real estate subsidiaries, investments and $18.4 million in cash in exchange for 7.5 million common shares of HomeFed to be newly issued to Leucadia.

At December 31, 2013, the book value of Leucadia's assets to be acquired by HomeFed is approximately $178.5 million. Upon closing, Leucadia will own approximately 65 percent of HomeFed's outstanding common shares.