The U.S. Treasury has announced its plan to auction 465.1 million of the Citigroup Inc.’s (C) warrants it holds. The warrants were received as part of the bailout provided to the troubled bank during the financial crisis.
The warrant holders have the option to buy Citi common stock at a fixed price within a specified time period. Lenders also have the right to place bids to buy back the warrants.
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Rozonda Thomas Rachel Weisz Miranda Kerr Sarah Shahi Anna Paquin
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