Citi eyes selling businesses, other options: source

Fri Nov 21, 2008 2:52am GMT
 
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NEW YORK (Reuters) - Citigroup Inc is looking at multiple options as its share price sinks, including selling businesses, selling shares, or merging with another firm, a person familiar with the matter said.

So far discussions regarding its options have been internal, the person said.

Citigroup's shares lost more than a quarter of their value on Thursday and half their value this week amid concerns about the bank's capital position.

(Reporting by Dan Wilchins; Editing by Gary Hill)

 
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