Proceeds to pay for proposed Zenith takeover
Cash raised will be used to increase firm's financial flexibility
Canadian market can absorb quality new issues in 2010
Value of deals in North America down by nearly 38%
Underwriters agree to buy six million shares
Financial institutions less active in common and preferred equity issuance
Company’s capital at highest level since going public
M&A activity is expected to strengthen
Bought deal financing led by Scotia Capital and RBC DS
Important step in simplifying Citi organization