Centerbridge Capital Partners and Leucadia National Corp (LUK.N) have joined together to bid for Citigroup Inc's (C.N) consumer lending unit, Bloomberg reported on Thursday. The two New York firms joined three other offers for the unit, known as OneMain, that Citi put up for auction earlier this year, Bloomberg reported. The size of the bid was not immediately known. New York-based Citigroup has been shedding assets as part of a broader effort to simplify the company's businesses under Chief Executive Vikram Pandit.
Leucadia National Corporation (Leucadia) is a diversified holding company engaged in a variety of businesses, including manufacturing, land based contract oil and gas drilling, gaming entertainment, real estate activities, medical product development, and winery operations. Shares of LUK traded higher by 0.06% or $0.021/share to $36.551. In the past year, the shares have traded as low as $18.80 and as high as $39.14. On average, 916377 shares of LUK exchange hands on a given day and today's volume is recorded at 376718.
Citigroup Inc. (Citigroup) is a global diversified financial services holding company. Shares of C fell by 1.84% or $-0.79/share to $42.13. In the past year, the shares have traded as low as $35.30 and as high as $51.50. On average, 41954600 shares of C exchange hands on a given day and today's volume is recorded at 40217640.
Source
