Korea M&A Corporation

By Takahiko Hyuga April 27 (Bloomberg) -- Citigroup Inc. acquired 61 percent of Nikko Cordial Corp., Japan's third-biggest brokerage, falling short of the shares it needs to take full control. Nikko stock rose to 1,738 yen, more than Citigroup offered, as the U.S. company said it may seek more shares. Citigroup will pay 920 billion yen ($7.7 billion) in cash to Nikko shareholders who accepted th..

Citigroup has agreed to buy Nikko Cordial, the scandal-hit Japanese broker, for ¥1.3 trillion (€8.5bn) in its largest takeover of an Asian company. The companies released a joint statement this morning which said they had "agreed to form a comprehensive strategic alliance". The ¥1,350 per share deal, which includes the investment banking joint venture Nikko Citigroup, established in 1999, was si..

Citigroup Plans 10,400 Job Cuts By Patricia Lamiell AP Business Writer Tuesday, December 15, 1998; 3:10 p.m. EST NEW YORK (AP) — Citigroup announced 10,400 job cuts today, more than had been expected, as part of a major restructuring that will cost the company $900 million in lost earnings. The announcement marks the first time the company has divulged details of its huge restructuring program a..