Securities Law Prof Blog

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

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Wednesday, October 3, 2007

Citigroup Will Buy The Rest of Nikko Cordial

After announcing big losses yesterday because of the US credit markets, Citigroup announced plans to buy the remaining one-third of the Japanese brokerage firm Nikko Cordial Corp. that it doesn't already own for $4.6 billion.  Its strategy is to increase profits outside the US to 60%, up from its current just-below 50%.  WSJ, How Nikko Cordial Can Help Citigroup.

http://lawprofessors.typepad.com/securities/2007/10/citigroup-will-.html

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