Citigroup Rumors

Doug Kass of is reporting rumors that the government is considering selling the balance of its Citigroup shares all at once. That would amount to roughly a $12 billion offering. I believe that an offering that big would be a negative for the overall market. It would have to happen by tomorrow for the government to avoid the blackout period, so if we don't hear something very soon its likely just a rumor.

No comments: