1. Why ValueAct Pounced On Citigroup (NYSE:C)

    Why ValueAct Pounced On Citigroup (NYSE:C)

    ValueAct, a successful activist fund, has built a $1.2 billion stake in Citigroup ( C ). According to the WSJ it suggested Citigroup could boost its buyback plan from $40 to $50 billion. With a market cap of $185 billion that's a large percentage of stock to take out. Buyback programs of this relative size are rare. ValueAct seems to favor Citigroup for its old-fashioned treasury management for global businesses which is making it an important global money center bank...

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