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Citigroup shares slip at open after Wachovia deal

NEW YORK
Mon Sep 29, 2008 9:40am EDT

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NEW YORK (Reuters) - Shares of Citigroup (C.N) briefly fell more than 2 percent at the market open on Monday after the bank said it will buy Wachovia Corp WB.N in a deal brokered by the Federal Deposit Insurance Corp.

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Shares pared some of their initial losses, though, and were last trading at $19.99, down 0.7 percent from Friday's close of $20.15.

(Reporting by Steven C. Johnson; Editing by Theodore d'Afflisio)
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