Quantcast
The MFWire
Manage Email Alerts | Sponsorships | About MFWire | Who We Are

Subscribe to MFWire.com's News Alerts [click]

Rating:Citi Flips Legg Unit Not Rated 0.0 Email Routing List Email & Route  Print Print
Tuesday, September 13, 2005

Citi Flips Legg Unit

by: Theresa Sim

Citigroup has agreed to sell the sales and trading operations that it acquired in an asset swap with Legg Mason to St. Louis-based Stifel Financial, the companies announced on Monday.

Stifel will pay Citigroup the net book value of Legg Mason's Capital Markets business, plus a premium of up to $37 million. Legg Mason's Capital Markets business includes includes investment banking, equity and fixed income research, equity sales and trading, structured finance, and taxable fixed income sales and trading.

The transaction is expected to close in the fourth quarter of this year.

Legg Mason CM's entire management team and "other key associates" have agreed to join Stifel. They will remain working out of their present location.  

Stay ahead of the news ... Sign up for our email alerts now
CLICK HERE

0.0
 Do You Recommend This Story?



GO TO: MFWire
Return to Top
 News Archives
2019: Q4Q3Q2Q1
2018: Q4Q3Q2Q1
2017: Q4Q3Q2Q1
2016: Q4Q3Q2Q1
2015: Q4Q3Q2Q1
2014: Q4Q3Q2Q1
2013: Q4Q3Q2Q1
2012: Q4Q3Q2Q1
2011: Q4Q3Q2Q1
2010: Q4Q3Q2Q1
2009: Q4Q3Q2Q1
2008: Q4Q3Q2Q1
2007: Q4Q3Q2Q1
2006: Q4Q3Q2Q1
2005: Q4Q3Q2Q1
2004: Q4Q3Q2Q1
2003: Q4Q3Q2Q1
2002: Q4Q3Q2Q1
 Subscribe via RSS:
Raw XML
Add to My Yahoo!
follow us in feedly




©All rights reserved to InvestmentWires, Inc. 1997-2019
14 Wall Street | 20th Floor | New York, NY 10005 | P: 212-331-8968 | F: 212-331-8998
Privacy Policy :: Terms of Use