Securities Law Prof Blog

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

Friday, 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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