Citigroup To Cede Control To Government

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Citigroup Inc. (NYSE: C) will cede control to the U.S. government giving up as much as a 36% equity stake in a preferred debt conversion deal.  Shares of the bank plummeted 94 cents to $1.52.

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This page contains a single entry by published on February 27, 2009 10:36 AM.

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