Simpson Thacher & Bartlett is advising the US Treasury on its plan to unload 7.7 billion government-owned Citigroup shares in a series of sales rather than all at once, reports The Am Law Daily. The US Government has retained Morgan Stanley to prepare the sale and place the initial batch of 1.5 billion Citi shares on the market, with Davis Polk & Wardwell and Cleary Gottlieb Steen & Hamilton sharing the job of advising Morgan Stanley.
April 27, 2010 at 04:42 AM
1 minute read
The original version of this story was published on Legalweek
Simpson Thacher & Bartlett is advising the US Treasury on its plan to unload 7.7 billion government-owned Citigroup shares in a series of sales rather than all at once, reports The Am Law Daily.
The US Government has retained Morgan Stanley to prepare the sale and place the initial batch of 1.5 billion Citi shares on the market, with Davis Polk & Wardwell and Cleary Gottlieb Steen & Hamilton sharing the job of advising Morgan Stanley.
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