Monday, 02 July 2007

UPDATE 1-Citigroup buys Automated Trading Desk for $680 mln

(Reuters) - NEW YORK, July 2 - Citigroup Inc. said on Monday it agreed to buy Automated Trading Desk for $680 million to increase its ability to allow clients worldwide to trade stocks electronically.



The largest U.S. bank said it will pay $102.6 million in cash and issue about 11.17 million shares. It expects the transaction to close in the third quarter, pending regulatory approval.


Read more at Reuters.com Bonds News

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