Citi Halts Barra I/B/E/S Sale, May Entertain Other Suitors

FRONT PAGE

Citicorp has terminated a letter of intent to sell its Institutional Brokers Estimate Service (I/B/E/S) subsidiary to portfolio analytics vendor Barra Global Investment Technology. The termination came after discussions between the two missed the stipulated June 1 deadline for agreement.

The missed deadline raises the prospect of the bank opening discussion with other potential suitors. But sources at Citicorp say the bank is more likely to take I/B/E/S off the market. These sources say that

To continue reading...

You must be signed in to use this feature.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an indvidual account here: