(Reuters) - NEW YORK, April 9 - Citigroup Inc. is in talks to buy Old Lane LP, a hedge fund firm co-founded by Vikram Pandit, in a move that could put the former Morgan Stanley executive in line for a top job at the largest U.S. bank, The Wall Street Journal said on Monday.
The purchase price for Old Lane could top $600 million, the newspaper said, citing people familiar with the matter. If a purchase is completed, Pandit would become chief executive of Citigroup's alternative investments unit, the newspaper said.
Read more at Reuters.com Mergers News
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