April 27, 2007
Citigroup Completes Nikko Tender Offer
After a long and difficult tender offer, Citigroup acquired 56.2% of Nikko Cordial, Japan's third largest brokerage firm that is recovering from an accounting scandal. Together with its previous stock ownership, it now owns 61% of Nikko Cordial. See WSJ, Citigroup Wins Majority Of Nikko Cordial's Stock.
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