There may be a global shortage of fertilizer but the manure supply on Wall Street is rumoured to be overflowing into the Hudson River.

What an odour - VHF

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Citigroup To Raise $4.5 Billion selling New Stock

By Alistair Barr & Riley McDermid,

MarketWatchLast update: 9:13 a.m. EDT April 30, 2008

SAN FRANCISCO (MarketWatch) -- Citigroup Inc. said early Wednesday that it is raising $4.5 billion through the sale of new shares, as the financial-services giant tries to rebuild capital after huge losses from the credit crunch.

Citi originally said Tuesday that it would raise $3 billion in a stock offering, but increased that amount by $1.5 billion after demand for the new shares exceeded its original offer.

The banking giant said the offering priced at $25.27 per share, with the transaction totaling more than 178 million shares.