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New York-based Citigroup Inc. ($2.021 trillion) on July 2 said it agreed to acquire Mount Pleasant, S.C.-based Automated Trading Desk LLC in a cash and stock transaction it values at approximately $680 million.
The announcement comes on the heels of deal rumors the previous week, at which time The Wall Street Journal estimated a purchase price of about $700 million, citing people familiar with the matter.
Under...
