December 17, 2009 at 13:06 PM EST
(C) U.S. Treasury Department Delays Citigroup Stock Sale
Treasury Puts Brakes on Citigroup Sale The U.S. Treasury has postponed its plan to sell $5 billion of its 34% stake in Citigroup Inc. (C) after a lackluster response from investors following Citi’s stock offering. Citigroup stock has been under pressure this morning, in an overall soft market. Citigroup priced its $20.5 billion offering yesterday. However, due [...] (C) U.S. Treasury Department Delays Citigroup Stock Sale
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