ADIA Wants to Get Out of Citi Deal or Will Seek $4 Billion in Damages
Posted on 12/17/2009
In November 2007, the Abu Dhabi Investment Authority (ADIA) received equity units that were to convert into Citigroup common shares at a price of US$ 31.83 per share between March 2010 and September 2011. Citigroup’s share price was US$ 3.20 on December 17, 2009. ADIA wants to pull out of the deal or will seek […]
