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Activist Investor ValueAct Capital Reportedly Sets Sights On Citigroup


WASHINGTON (dpa-AFX) - Activist investor ValueAct Capital Partners LP has built a roughly $1.2 billion stake in Citigroup Inc. (C) a bet that the giant bank's strength as a service provider to corporations will enable it to thrive in the post-crisis era and make up ground its shares have lost in recent years.ValueAct, which has built the position over the past four to five months, continues to boost it 'opportunistically,' The Wall Street Journal reported quoting a letter to investors. The stake amounts to about 0.7% of Citigroup ...

Mentions: Investors Citigroup KKR