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Citigroup fully acquires Nikko, to replace president

TOKYO, Japan - Douglas Peterson, chief executive officer of Citigroup Japan Holdings Ltd., speaks during a news conference in Tokyo on Jan. 29 as Citigroup Inc. fully acquired Nikko Cordial Corp. through a stock swap deal the same day. Peterson will become president of Japan's third-largest brokerage house on Jan. 30, replacing Shoji Kuwashima.

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Citigroup to wholly own Nikko Cordial via triangular merger

TOKYO, Japan - Kazuyoshi Kimura (L), deputy chairman of Nikko Cordial Corp., Douglas Peterson (C), chief executive officer of Citigroup Japan Holdings Ltd., and Shoji Kuwashima, director of Nikko Cordial, shake hands after a press conference at a hotel in Tokyo on Oct. 2 at which they announced that Citigroup will wholly own its Japanese brokerage arm Nikko Cordial by the end of January under a triangular merger scheme.

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Citigroup to wholly own Nikko Cordial via triangular merger

TOKYO, Japan - Kazuyoshi Kimura (L), deputy chairman of Nikko Cordial Corp., Douglas Peterson (C), chief executive officer of Citigroup Japan Holdings Ltd., and Shoji Kuwashima, director of Nikko Cordial, hold a joint press conference in a hotel in Tokyo on Oct. 2 to announce that Citigroup will wholly own its Japanese brokerage arm Nikko Cordial by the end of January under a triangular merger scheme.

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Citigroup succeeds in tender offer for Nikko

TOKYO, Japan - Shoji Kuwashima (L), president of Nikko Cordial Corp., and Douglas Peterson, chief executive officer of the Japanese branch of Citibank N.A., hold a joint news conference at a hotel in Tokyo on April 27 after Citigroup Inc. successfully completed its tender offer for Japan's third-biggest brokerage.

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Citigroup succeeds in tender offer for Nikko

TOKYO, Japan - Shoji Kuwashima (L), president of Nikko Cordial Corp., and Douglas Peterson, chief executive officer of the Japanese branch of Citibank N.A., shake hands after their joint news conference at a hotel in Tokyo on April 27. Citigroup Inc. said it has successfully completed its tender offer for Nikko Cordial Corp., raising its stake in Japan's third-biggest brokerage to 61.1 percent from 4.9 percent in a $7.7 billion cash bid.

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No change to Nikko-Citigroup tie-up plan

TOKYO, Japan - Nikko Cordial Corp. President Shoji Kuwashima said at a news conference in Tokyo on March 12 that there will be no change to its plan to form a capital and business tie-up with Citigroup Inc., even though Japanese bourses decided not to delist Nikko's stock over its involvement in accounting fraud.

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Citigroup to launch buyout bid to make Nikko subsidiary

TOKYO, Japan - Nikko Cordial Corp. President Shoji Kuwashima (L) and Douglas Peterson, chief executive officer of the Japanese branch of Citibank N.A., at a news conference in Tokyo on March 6 where they announced that Citigroup Inc. will launch a takeover bid within a week to make Nikko Cordial a subsidiary.

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Citigroup to launch buyout bid to make Nikko subsidiary

TOKYO, Japan - Nikko Cordial Corp. President Shoji Kuwashima (L) and Douglas Peterson, chief executive officer of the Japanese branch of Citibank N.A., at a news conference in Tokyo on March 6, announcing that Citigroup Inc. will launch a takeover bid within a week to make Nikko Cordial a subsidiary.

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Nikko Cordial to seek 3.1 bil. yen damages from 3 former execs

TOKYO, Japan - Nikko Cordial Corp. President Shoji Kuwashima (C) bow in apology at a news conference in Tokyo on Feb. 27 after the brokerage submitted a corrected version of its financial statements to the Finance Ministry following an accounting fraud late last year. The company said it will file a lawsuit against three former top group executives to seek a total of 3.1 billion yen ($25.94 million) in damages for their alleged involvement in the fraud.

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New head of Nikko Cordial vow to strengthen corporate governance

TOKYO, Japan - New Nikko Cordial Corp. President Shoji Kuwashima (R) speaks during a news conference in Tokyo on Dec. 28. He vowed to strengthen corporate governance and increase transparency in the group's business after it came under fire for falsifying its earnings.

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Kuwashima named as new president of Nikko Cordial

TOKYO, Japan - Nikko Cordial Corp. said Dec. 25 it has decided to appoint Chief Information Technology Officer Shoji Kuwashima (file photo) as its president effective Dec. 26 to replace Junichi Arimura who is stepping down to take responsibility for the falsification of group earnings for fiscal 2004.

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Kuwashima named as new president of Nikko Cordial

TOKYO, Japan - Nikko Cordial Corp. said Dec. 25 it has decided to appoint Chief Information Technology Officer Shoji Kuwashima (file photo) as its president effective Dec. 26 to replace Junichi Arimura who is stepping down to take responsibility for the falsification of group earnings for fiscal 2004. (Kyodo)

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New head of Nikko Cordial vow to strengthen corporate governance

TOKYO, Japan - New Nikko Cordial Corp. President Shoji Kuwashima (R) speaks during a news conference in Tokyo on Dec. 28. He vowed to strengthen corporate governance and increase transparency in the group's business after it came under fire for falsifying its earnings. (Kyodo)

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Nikko Cordial to seek 3.1 bil. yen damages from 3 former execs

TOKYO, Japan - Nikko Cordial Corp. President Shoji Kuwashima (C) bow in apology at a news conference in Tokyo on Feb. 27 after the brokerage submitted a corrected version of its financial statements to the Finance Ministry following an accounting fraud late last year. The company said it will file a lawsuit against three former top group executives to seek a total of 3.1 billion yen ($25.94 million) in damages for their alleged involvement in the fraud. (Kyodo)

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Citigroup to launch buyout bid to make Nikko subsidiary

TOKYO, Japan - Nikko Cordial Corp. President Shoji Kuwashima (L) and Douglas Peterson, chief executive officer of the Japanese branch of Citibank N.A., at a news conference in Tokyo on March 6, announcing that Citigroup Inc. will launch a takeover bid within a week to make Nikko Cordial a subsidiary. (Kyodo)

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Citigroup to launch buyout bid to make Nikko subsidiary

TOKYO, Japan - Nikko Cordial Corp. President Shoji Kuwashima (L) and Douglas Peterson, chief executive officer of the Japanese branch of Citibank N.A., at a news conference in Tokyo on March 6 where they announced that Citigroup Inc. will launch a takeover bid within a week to make Nikko Cordial a subsidiary. (Kyodo)

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No change to Nikko-Citigroup tie-up plan

TOKYO, Japan - Nikko Cordial Corp. President Shoji Kuwashima said at a news conference in Tokyo on March 12 that there will be no change to its plan to form a capital and business tie-up with Citigroup Inc., even though Japanese bourses decided not to delist Nikko's stock over its involvement in accounting fraud. (Kyodo)

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Citigroup succeeds in tender offer for Nikko

TOKYO, Japan - Shoji Kuwashima (L), president of Nikko Cordial Corp., and Douglas Peterson, chief executive officer of the Japanese branch of Citibank N.A., hold a joint news conference at a hotel in Tokyo on April 27 after Citigroup Inc. successfully completed its tender offer for Japan's third-biggest brokerage. (Kyodo)

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Citigroup succeeds in tender offer for Nikko

TOKYO, Japan - Shoji Kuwashima (L), president of Nikko Cordial Corp., and Douglas Peterson, chief executive officer of the Japanese branch of Citibank N.A., shake hands after their joint news conference at a hotel in Tokyo on April 27. Citigroup Inc. said it has successfully completed its tender offer for Nikko Cordial Corp., raising its stake in Japan's third-biggest brokerage to 61.1 percent from 4.9 percent in a $7.7 billion cash bid. (Kyodo)

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Citigroup to wholly own Nikko Cordial via triangular merger

TOKYO, Japan - Kazuyoshi Kimura (L), deputy chairman of Nikko Cordial Corp., Douglas Peterson (C), chief executive officer of Citigroup Japan Holdings Ltd., and Shoji Kuwashima, director of Nikko Cordial, shake hands after a press conference at a hotel in Tokyo on Oct. 2 at which they announced that Citigroup will wholly own its Japanese brokerage arm Nikko Cordial by the end of January under a triangular merger scheme. (Kyodo)

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Citigroup to wholly own Nikko Cordial via triangular merger

TOKYO, Japan - Kazuyoshi Kimura (L), deputy chairman of Nikko Cordial Corp., Douglas Peterson (C), chief executive officer of Citigroup Japan Holdings Ltd., and Shoji Kuwashima, director of Nikko Cordial, hold a joint press conference in a hotel in Tokyo on Oct. 2 to announce that Citigroup will wholly own its Japanese brokerage arm Nikko Cordial by the end of January under a triangular merger scheme. (Kyodo)

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Citigroup fully acquires Nikko, to replace president

TOKYO, Japan - Douglas Peterson, chief executive officer of Citigroup Japan Holdings Ltd., speaks during a news conference in Tokyo on Jan. 29 as Citigroup Inc. fully acquired Nikko Cordial Corp. through a stock swap deal the same day. Peterson will become president of Japan's third-largest brokerage house on Jan. 30, replacing Shoji Kuwashima. (Kyodo)