Rochester,NY 7/5/2009 2:23:53 AM
Weekend Report - C - Deals of the day -- mergers and acquisitions - Sourced WhisperFromWallStreet.com
Citigroup, Inc
Weekend Report - C - Deals of the day -- mergers and acquisitions - Sourced WhisperFromWallStreet.com
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Citigroup, Inc.C
Market Update: 2.89 Up 0.01 (0.35%) 7:57PM ET
The following bids, mergers, acquisitions and disposals involving European, U.S. and Asian companies were reported by 2000 GMT on Friday.
(For Reuters columns on deals, click on [DEALTALK/])
** Johnson & Johnson (JNJ.N) said about 84.4 percent of the outstanding shares of Cougar Biotechnology Inc (CGRB.O) were tendered during the initial offering period that ended Thursday and the subsequent offering period for the remaining shares will expire on July 9. In May, Johnson & Johnson had agreed to buy cancer drug developer Cougar Biotechnology for about $970 million in cash. To read more, double click on [ID:nBNG512920]
** A Chinese automaker has offered to buy a stake in General Motors (GMGMQ.PK) unit Opel, challenging a deal from Canadian auto parts supplier Magna (MGa.TO). [ID:nL3419016 ]..
About
Citigroup Inc., doing business as Citi, provides a range of financial products and services to consumer and corporate customers. The company operates through four segments: Global Cards, Consumer Banking, Institutional Clients Group, and Global Wealth Management. The Global Cards segment offers MasterCard, VISA, Diners Club, private label, and American Express card products. The Consumer Banking segment involves in retail banking, consumer finance, real estate lending, and small and middle market commercial banking; and provides personal and auto loans, student loans, investment services, and Primerica financial services. As of December 31, 2008, it operated 7,730 branches. The Institutional Clients Group segment engages in various securities and banking activities comprising investment banking, debt and equity, lending, private equity, hedge funds, real estate, structured products, and managed funds. It also offers transaction services, including cash management services, trade services, custody and fund services, clearing services, agency and trust services, and equity and fixed income research services. The Global Wealth Management segment provides advisory, financial planning, brokerage, and wealth management services. Citi has operations in North America, Latin America, Asia, Europe, the Middle East, and Africa. It has a joint venture agreement with Morgan Stanley to provide wealth management services. The company was founded in 1812 and is based in New York, New York.
Last Trade: 2.88
Day's Range: 2.88 - 2.94
52wk Range: 0.97 - 23.50
Volume: 118,344,892
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