(Reuters) - Citigroup said it secured 61 percent of Nikko's voting stock in a tender bid that expired on Thursday. The takeover is its biggest under Chief Executive Charles Prince and its second-biggest outside the United States.
A group of investment firms with large stakes in Nikko had rejected Citigroup's offer of 1,700 yen a share. Although they failed to rally enough smaller investors to block the bid, they could still cause headaches as significant minority owners.
Read more at Reuters.com Business News
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