St. Paul Travelers To Reacquire Citigroup's Umbrella
Under a deal revealed Tuesday, Citigroup will sell its red umbrella trademark to St. Paul Travelers. Citigroup will also start doing business under the name “Citi.” After the sale of the trademark closes, St. Paul Travelers will change its name to “the Travelers Companies Inc.” and begin trading on the New York Stock Exchange under the symbol “TRV.”
The amount St. Paul...
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