Citigroup Explores Bid to Pare U.S. Stake – WSJ.com
This is where things will get interesting. Is there enough capital to take the government out of the market? How much of an impact will this have on the shares?
Citi is looking to rid themselves of the government stake. The dividend paid to the preferred shares is not insignificant. Capital is much less expensive elsewhere.
Who would be next? Certainly not AIG!!
Citigroup Explores Bid to Pare U.S. Stake – WSJ.com.
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