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Tuesday, December 9, 2014

Market Chatter- Corporate finance press digest, (NYSE: BT), (NYSE: C)

The following corporate finance-related stories were reported by media: * The board of BT Group Plc met on Tuesday to discuss the possible acquisition of British mobile operators O2 or EE, and agreed to continue talks with both sides, a person familiar with the situation said.* Citigroup Inc is in the final stages of talks with Sumitomo Mitsui Banking Corp (SMBC) on the sale of its Japanese retail banking operations for about 40 billion yen ($334 million), sources with knowledge of the matter said.

BT Group plc is a communications services companies, serving the needs of customers in the United Kingdom and in more than 170 countries globally. Shares of BT fell by 1.26% or $-0.82/share to $64.32. In the past year, the shares have traded as low as $56.85 and as high as $69.92. On average, 139539 shares of BT exchange hands on a given day and today's volume is recorded at 173638.

Citigroup Inc. (Citigroup) is a global diversified financial services holding company whose businesses provide consumers, corporations, governments and institutions with a broad range of financial products and services, including consumer banking and credit, corporate and investment banking, securities brokerage, transaction services and wealth management. Shares of C fell by 0.92% or $-0.52/share to $55.85. In the past year, the shares have traded as low as $45.18 and as high as $56.95. On average, 17420900 shares of C exchange hands on a given day and today's volume is recorded at 26262896.



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