Thursday, April 12, 2007

Citigroup seals deal to buy Old Lane -WSJ

(Reuters) - By joining Citigroup, Pandit could join a short list of potential successors to Chief Executive Charles Prince, the Journal said.

Citigroup could pay more than $800 million, the paper reported, citing unnamed sources. But the announced price could be lower, with the total raised by future payments based on the fund's performance, it added.


Read more at Reuters.com Mergers News

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