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.