Stock Attack II - A Complete Analysis Message Board

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Strategies & Market Trends : Stock Attack II - A Complete Analysis

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To: Paul Shread who wrote (4520)	3/30/2001 10:39:28 AM
From: dawgfan2000	Read Replies (1) of 52237

AmEx may be target, especially of Citigroup - report NEW YORK, March 29 (Reuters) - Citigroup chairman Sandy Weill may be interested in purchasing credit card giant American Express (AXP.N), according to a report in Business Week magazine. Investors said that Citigroup, with assets of $900 billion and a market value of $230 billion, could potentially afford AmEx, which has assets of $155 billion and a market capitalization of $53 billion, the report said. The article cited a money manager who said that American Express could fetch a total of about $55 per share. Another manager said the company is worth $70 per share. Shares of American Express closed at $38.96 on the New York Stock Exchange on Thursday, below a 52-week high of $62.81 and above a low of $34.25. Morgan Stanley Dean Witter (MWD.N) and American International Group (AIG.N) are also in the running for AmEx, the report said. American Express officials were not immediately available for comment. SOX taking a hit today too, down almost 5% @ 542.

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