Citigroup Slightly Lower In After-Hours Trading After Common Share Sale

Citigroup's C announcement today of a sale of 2.4 billion shares of common stock affects Blackrock BLK, State Street, STT and the US Government, some of the large holders. US Treasury seeks to underwrite a public offering of approximately 2.4 billion shares, dependent upon whether it receives an acceptable price for the shares. Morgan Stanley will be the bookrunning manager for the offering. If completed, Treasury would continue to hold warrants for common stock.