Securities Law Prof Blog

Editor: Eric C. Chaffee
Univ. of Toledo College of Law

Tuesday, March 13, 2007

Citigroup Raises Bid for Nikko Cordial

Citigroup raised its all cash-all shares TO bid for Nikko Cordial to 1700 yen, or about $14.50, after the Tokyo Stock Exchange said it would not delist the brokerage firm's shares.  Previously, major shareholders called the original bid of 1350 yen too low.  See WSJ, Citigroup Raises Offer For Nikko Cordial.

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