Cleary Gottlieb Steen & Hamilton is advising Citigroup and its underwriters on a multi-billion dollar stock offering, writes The AmLaw Daily, in a deal that will see the US Government sell its remaining stake in the banking giant. The share sale is expected to put $10.5bn (£6.6bn) in the US Treasury's coffers, while helping Citi move a step closer to independence.
December 08, 2010 at 10:56 AM
1 minute read
The original version of this story was published on Legalweek
Cleary Gottlieb Steen & Hamilton is advising Citigroup and its underwriters on a multibillion-dollar stock offering, writes The Am Law Daily, in a deal that will see the US Government sell its remaining stake in the banking giant.
The share sale is expected to put $10.5bn (£6.6bn) in the US Treasury’s coffers, while helping Citi move a step closer to independence.
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