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.