MW: Treasury prices Citigroup offer at $4.35 a share
By Sarah Turner
SYDNEY (MarketWatch) -- The U.S. Department of the Treasury said late Monday that it has priced an underwritten public offering of around 2.4 billion Citigroup Inc. (C 4.45, 0.00, 0.00%) common stock at $4.35 per share. The offering disposed of Treasury's remaining shares of Citigroup common stock, it said. The proceeds to Treasury from the offering are expected to be $10.5 billion and the total amount of troubled asset relief program funds returned to taxpayers now exceeds approximately $261 billion, it added.
