Citigroup Inc (C)

[kei]

Citigroup Offers To Buy Back Up To $2.1B In Notes In Next Year

DOW JONES NEWSWIRES Time: 6/24/2010 09:46:00 AM
source:wsj.com
Citigroup Inc. (C) offered to buy back $2.12 billion of notes maturing within the next year in its latest effort use its cash pile to reduce short-term debt.

The financial services company recently reported its strongest quarterly results in nearly three years, seeing profit more than double as revenue rose 3.7% amid an improve investment-banking climate. Citi has been reducing assets and businesses so it can focus on its core franchise.

http://stock-newtimes.blogspot.com/2010/06/citigroup-offers-to-buy-back-up-to-21b.html

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Hedge Fund Manager Ackman Sees Opportunity In Citi Shares

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http://online.wsj.com/article/BT-CO-20100609-714957.html?mod=WSJ_latestheadlines

JUNE 9, 2010, 7:13 P.M. ET.Hedge Fund Manager Ackman Sees Opportunity In Citi Shares
.ArticleCommentsmore in Business ».Citigroup Inc. (C) shares are trading at a "meaningful" discount, partly because the banking giant has roughly $50 billion of assets and excess capital that the market hasn't really spotted, hedge fund manager Bill Ackman wrote in a letter to investors this week.

Pershing Square Capital Management LP, Ackman's hedge fund firm, bought 146.5 million Citi shares recently, wagering about 9% of fund capital on the company.

Citi shares have slipped in recent weeks on concern about financial industry reform, alleged fraud at Goldman Sachs Group (GS), the overhang of the government's big stake in Citi ...
Citigroup Offers To Buy Back Up To $2.1B In Notes In Next Year
Time: 6/24/2010 09:46:00 AM
-By Matt Jarzemsky, Dow Jones Newswires; 212-416-2240, [e-mail]

DOW JONES NEWSWIRES
source:wsj.com
Citigroup Inc. (C) offered to buy back $2.12 billion of notes maturing within the next year in its latest effort use its cash pile to reduce short-term debt.

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