Citigroup shares slip at open after Wachovia deal

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

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)