Citigroup's Primerica Plans To Sell 18 Million Shares In IPO (C)
Wednesday, March 17, 2010 - 09:51
Written on Wed, 03/17/2010 - 9:51am
By Chip Brian

3/17/2010- Primerica Inc, the insurance unit owned by Citigroup (NYSE:C), will sell 18 million shares in an initial public offering in addition to the $230 million in stock that a private-equity firm plans to purchase.
The stock will be sold at a range of $12 to $14 per share, according to a regulatory filing, and underwriters have the option to purchase as many as 2.7 million additional shares, which would bring the total to $290 million at the higher price.

Keywords: Citigroup Primerica

Ticker(s): C

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