Citigroup and Associates First Capital Corporation Granted Early Termination of Hart-Scott-Rodino Waiting Period.Business Editors NEW YORK--(BUSINESS WIRE)--Oct. 6, 2000 Citigroup, Inc. (NYSE NYSE See: New York Stock Exchange :C) and Associates First Capital Corporation (NYSE:AFS A distributed file system for large, widely dispersed Unix and Windows networks from Transarc Corporation, now part of IBM. It is noted for its ease of administration and expandability and stems from Carnegie-Mellon's Andrew File System. AFS - Andrew File System ; "Associates") today announced that the Federal Trade Commission has informed them that early termination of the required waiting period has been granted under the Hart-Scott-Rodino Antitrust Improvements Act The Hart-Scott-Rodino Antitrust Improvements Act of 1976 (Public Law 94-435, known commonly as the HSR Act) is a set of amendments to the antitrust laws of the United States, principally the Clayton Antitrust Act. The HSR Act was signed into law by President Gerald R. applicable to the pending acquisition of Associates by Citigroup. The transaction, which is expected to close on or about year end, is subject to approval by Associates shareholders and various international and domestic regulatory authorities Noun 1. regulatory authority - a governmental agency that regulates businesses in the public interest regulatory agency administrative body, administrative unit - a unit with administrative responsibilities . In connection with the proposed transaction, Citigroup filed a registration statement on Form S-4 and Associates filed a proxy statement Proxy Statement A document containing the information that a company is required by the SEC to provide to shareholders so they can make informed decisions about matters that will be brought up at an annual stockholder meeting. , each with the Securities and Exchange Commission. Investors and security holders are advised to read the registration statement and the proxy statement because they contain important information. Investors and security holders may obtain a free copy of the registration statement and the proxy statement and other documents filed by Citigroup and Associates with the SEC at the SEC's web site at http://www.sec.gov. Free copies of the registration statement and other documents filed by Citigroup with the SEC may also be obtained from Citigroup by directing a request to Citigroup Inc., 153 East 53rd Street, 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 NY 10043, Attention: Treasurer (212-559-1000). Free copies of the proxy statement and other documents filed by Associates with the SEC may also be obtained from Associates by directing a request to Associates First Capital Corporation, 250 East Carpenter Freeway, Irving TX 75062, Attention: General Counsel (972-652-4000). Associates and certain other persons referred to below may be deemed to be participants in the solicitations of proxies of Associates' shareholders to adopt the agreement providing for Citigroup's acquisition of Associates. The participants in the solicitation may include the directors and executive officers of Associates, who may have an interest in the transaction including as a result of holding shares or options of Associates. A detailed list of the names and interests of Associates' directors and executive officers is contained in Associates proxy statement for its 2000 Annual Meeting, which may be obtained without charge at the SEC's web site at http://www.sec.gov. Citigroup (NYSE:C), the most global 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. company, provides some 100 million consumers, corporations, governments and institutions in over 100 countries with a broad range of financial products and services, including consumer banking and credit, corporate and investment banking, insurance, securities brokerage and asset management. The 1998 merger of Citicorp and Travelers Group brought together such brand names as Citibank, Travelers, 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. , CitiFinancial and Primerica under Citigroup's trademark red umbrella. Additional information may be found at www.citigroup.com Associates, established in 1918, is a leading diversified finance company providing consumer and commercial finance, leasing, insurance and related services worldwide. Associates, headquartered in Dallas, has operations in the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. and 14 international markets. For more information, visit Associates Web site at www.theAssociates.com |
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