Citicorp and Travelers Group state that Fed approval Means merger will be completed on October 8.NEW YORK--(BUSINESS WIRE)--Sept. 24, 1998--Citicorp and Travelers Group Inc. said today that plans call for completing the merger of the two companies, resulting in the formation of a new company to be called Citigroup Citigroup U.S. holding company formed in 1998 from the merger of Citicorp (itself a holding company incorporated in 1967) and Travelers Group, Inc. The $70 billion merger included one of the largest U.S. investment banks, Salomon Smith Barney Inc. Inc., on October 8, reflecting the mandatory 15-day waiting period from Fed approval. On October 8 the common shares of the new company will begin trading on the New York New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of and Pacific Stock Exchanges, with the stock symbol CCI CCI Chambre de Commerce et d'Industrie (France) CCI CAM (Complementary and Alternative Medicine) Citation Index CCI Chamber of Commerce and Industry (Western Australia) (currently the symbol for Citicorp stock). Citicorp shares will be converted into Citigroup shares at the ratio of 2-1/2 Citigroup shares for each Citicorp share; each Travelers Group (TRV TRV Technical Remote Viewing TRV Tobacco Rattle Virus TRV Temporary Resident Visa (Canada) TRV Thermostatic Radiator Valve TRV Transient Recovery Voltage TRV Toxicity Reference Value (ecology) ) share will equal one Citigroup share. |
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