New York-based Leucadia National Corp. said Friday it has completed its merger of a wholly owned subsidiary with and into Salt Lake-based MK Resources Co.
MK is now a wholly owned Leucadia subsidiary, and its securities will no longer be publicly traded.
Each outstanding share of MK Resources common stock — other than shares owned by Leucadia, and shares for which appraisal is validly sought — was converted into the right to receive 0.0317 of a Leucadia common share. Leucadia will issue up to about 333,503 common shares, representing approximately 0.3 percent of the Leucadia common shares outstanding as of Thursday.