Citigroup Talking With SEC Over Dynegy
Regulators are discussing a transaction the banking giant had with the power company.
Citigroup
(C) - Get Report
disclosed Friday it is in talks with securities and bank regulators about a transaction it had with
Dynegy
(DYN)
.
In its 10-Q report filed with the
SEC
, Citigroup said the discussions with power company Dynegy arose out of talks over certain transactions it had with ill-fated
Enron
,
Dow Jones
reported.
Citigroup provided no further information.
Shares of Citigroup closed higher by 70 cents, up 1.79%, to $39.70.
Dynegy, which has been enjoying a resurgence lately, saw its shares finish up 9 cents, or 2.08%, to $4.41.
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