Dow Jones
NEW YORK - Citigroup Inc. was granted early termination of the waiting period for federal antitrust clearance of its proposed purchase of Associates First Capital Corp.
In a press release Friday, Citigroup said the transaction, valued last month at $31.1 billion, is expected to close around yearend, pending Associates shareholder approval and various regulatory approvals.
Associates First shareholders would own about 10% of Citigroup common shares.