Monday, July 2, 2007

Citigroup buys Automated Trading Desk for $680 mln

(Reuters) - The transaction is the latest in a series of smaller deals
for Citigroup since it was freed 15 months ago from a Federal
Reserve order that kept it from making acquisitions.




Citigroup said Automated Trading Desk will keep its Mount
Pleasant, South Carolina, headquarters and operate as a unit of
its global equities business. The transaction is expected to
close in the third quarter, pending regulatory approval.


Read more at Reuters.com Bonds News

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