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Citigroup Spins Off Primerica In IPO

Law360, New York (November 06, 2009) -- Citigroup Inc.'s life insurance subsidiary Primerica Inc. will make an initial public offering of 100 million shares of its stock, as part of the banking giant's continued efforts at selling units outside its primary business.

Citigroup plans to sell its remaining interest in the Georgia-based company “as soon as it is practicable,” the company said in a statement Thursday....

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