Citi completes acquisition of Bisys
Global financial services company
Citi has completed its acquisition of hedge fund administrator and mutual fund service provider Bisys, headquartered in Roseland-NJ, for $1.44 billion in an all-cash transaction. Citi has also sold the Retirement and Insurance Services Divisions of Bisys, making the net cost of the transaction to Citi roughly $800 million.Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.
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