Citigroup Authorizes $2 Billion Stock Repurchase Program.NEW YORK--(BUSINESS WIRE)--March 16, 1999--Citigroup today announced that an additional $2.0 billion has been authorized au·thor·ize tr.v. au·thor·ized, au·thor·iz·ing, au·thor·iz·es 1. To grant authority or power to. 2. To give permission for; sanction: for repurchase re·pur·chase tr.v. re·pur·chased, re·pur·chas·ing, re·pur·chas·es To buy (something) again. n. The act of buying something that one previously sold or owned. Noun 1. of its common stock. The repurchases will be used primarily to fund employee benefit plans. Between January 1st and March 15th, 1999, Citigroup had repurchased approximately $900 million of its common stock. Less than $700 million remains from previous authorizations. Citigroup was formed on October 8, 1998 by the merger of Citicorp and Travelers Group. Its businesses produce a broad range of financial services The examples and perspective in this article or section may not represent a worldwide view of the subject. Please [ improve this article] or discuss the issue on the talk page. - asset management, banking and consumer finance, credit and charge cards, insurance, investments, investment banking and trading -- and use diverse channels to make them available to consumer and corporate customers around the world. Among its businesses are Citibank, Commercial Credit, Primerica, Salomon Smith Barney Smith Barney is a division of Citigroup Global Capital Markets Inc., a global, full-service financial firm, that provides brokerage, investment banking and asset management services to corporations, governments and individuals around the world. , SSB SSB Statistisk Sentralbyrå (Statistics Norway) SSB Super Smash Bros (video game) SSB Space Studies Board SSB Single Side Band SSB Single Stranded DNA-Binding Protein SSB Salomon Smith Barney Citi Asset Management Group, Travelers Life & Annuity, and Travelers Property Casualty. |
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