Where’s That Jefferies Acquisition?

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Rumors that we’d seen an announcement today that the Jefferies Group would be acquired by Mass Mutual seem to have gone nowhere. The stock has been more or less flat all day, dipping slightly below where it closed. The chatter about the acquisition has ceased.
We’d say that this is a definite sign that nothing is happening, and that this was all just rumor. But we have a feeling that the reason we aren’t hearing from our Jefferies rumor-mongers is that they all sneaked out of work early to enjoy the first beautiful day in New York City in living memory.

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