Article: Citigroup, Legg Mason Agree to Asset Swap

FOSTER KLUG, Associated Press Writer
AP Online
06-24-2005
Dateline: BALTIMORE


The Legg Mason headquarters building is seen in Baltimore Friday, June 24, 2005. Citigroup Inc., the world's largest financial-services firm, on Friday, said it agreed to a $3.7 billion deal in which it will swap most of its asset-management business in exchange for the broker-dealer business of Legg Mason Inc. as well as Legg Mason stock and a loan to the Baltimore financial-services firm. (AP Photo/Chris Gardner)

Citigroup Inc., the world's largest financial-services firm, takes another step back from a one-stop "financial supermarket" in a $3.7 billion deal announced Friday to swap most of its asset-management ...

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