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Real Estate & Property Law

: Housing Wire

Government to Take Up to 36% Citi Stake

By DIANA GOLOBAY

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Citigroup Inc. (C: 1.54 -37.40%) with the U.S. Treasury Department on Friday announced it would exchange common stock for the preferred securities obtained by the Treasury through the Capital Purchase Program (CPP), effectively increasing the government’s share of the company to 36 percent. The transaction was designed to increase Citi’s tangible common equity and restore [...]

Full post as published by Housing Wire on February 27, 2009 (boomark / email).

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