|
|
Article: Citigroup, Legg Mason Agree to Asset Swap
- Article from:
- AP Online
- Article date:
- June 24, 2005
- Author:
CopyrightThis material is published under license from the Associated Press. All inquiries regarding rights should be directed to the Associated Press. (Hide copyright information)
|
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 ...