BAGHOLDERS

NEW YORK – Citigroup Inc. said Wednesday it has repaid the $20 billion in bailout money it received from the government.

Citi said it funded the previously announced repayment with a recent stock offering that raised $20.5 billion. The offering included $17 billion in common shares and $3.5 billion in what are called tangible equity units, which can be converted into common stock at a later date.

GEE, that won't cause any DILUTION to current shareholders? SO did CITIGROUP repay the $20B because it is in stronger financial condition? Long live the bull mkt

D