Wednesday, May 13, 2009

Money is on the prowl: Citigroup’s Primerica Is Said to Seek Bids for Unit (Update1) - Bloomberg.com

Citigroup’s Primerica Is Said to Seek Bids for Unit (Update1) -
@Bloomberg.com:
"May 13 (Bloomberg) -- Executives at Citigroup Inc.’s Primerica Financial Services unit have approached private-equity firms, including J.C. Flowers & Co., Blackstone Group LP and TPG Inc., to gauge their interest in buying the division’s 100,000- person sales arm, said four people with knowledge of the matter."

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