By MARTIN CRUTSINGER AP Economics Writer
WASHINGTON—The government says it will sell 465.1 million warrants it
holds from Citigroup Inc. in an auction on Tuesday. It is the latest
effort to recoup costs from the $700 billion financial bailout.
Sale of the warrants gives the holder the right to buy Citigroup
common stock at a fixed price.
The warrant sales will add to the $12 billion profit that Treasury
says the government has realized from its $45 billion bailout of
Citigroup. Treasury released that estimate in December when it
completed the remaining sales of Citigroup common stock that the
government held.
On Jan 24, 10:38 am, dick thompson <rhomp2...@earthlink.net> wrote:
> http://www.mercurynews.com/business/ci_17178165?source=email&nclick_c...
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