Somali Pirates in Discussions to Acquire Citigroup Somali Pirates in Discussions to Acquire Citigroup
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    Default Somali Pirates in Discussions to Acquire Citigroup

    November 20 (Bloomberg) -- The Somali pirates, renegade Somalis known for hijacking ships for ransom in the Gulf of Aden, are negotiating a purchase of Citigroup.

    The pirates would buy Citigroup with new debt and their existing cash stockpiles, earned most recently from hijacking numerous ships, including most recently a $200 million Saudi Arabian oil tanker. The Somali pirates are offering up to $0.10 per share for Citigroup,...

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    That should help keep Citi 'afloat'...

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