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Rating:Citigroup Gets Round 1 of Primerica Bids Not Rated 3.0 Email Routing List Email & Route  Print Print
Monday, June 09, 2008

Citigroup Gets Round 1 of Primerica Bids

by: Erin Kello

Citigroup received the first round of bids for its Primerica unit Friday. Reuters reports several life insurance and private equity companies have put in bids. Sources told the wire service that Citi is trying to put the prospective buyers into groups to bid for the unit together. The wire service reports that the insurance and mutual fund sales unit is expected to fetch around $7 billion.  

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