Citi's Nikko Bid Faces Investor Hurdle

Citigroup's planned takeover of the brokerageit would be Japan's largest by a foreignermay require a larger offer to appease other shareholders

If Citigroup's (C) planned acquisition of Nikko Cordial (NIKOY) goes through as planned, it would become Japan's largest-ever foreign takeover. But Citi, which announced the deal on Mar. 6, might have to cough up more than the $10.8 billion that Chief Executive Officer Charles Prince had bargained for.

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