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Posted on 12.24.09 by R. Lee Wrights
“Citigroup and Wells Fargo said Wednesday they have repaid the $45 billion in bailout money they received from the government. Citi (C) said it paid for the previously announced repayment with a recent stock offering that raised $20.5 billion. The offering included $17 billion in common shares and $3.5 billion in what are called tangible equity units, which can be converted into common stock at a later date.” (12/23/09) Link: http://tinyurl.com/ygao2g5 Filed under: RRND News | Report Bad Link Bookmark this post in Furl or Del.icio.us | |
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