Cullen /Frost Scoffs At Citigroup Merger Story

Making an exception to its policy of not commenting on mergers acquisitions, Cullen Frost yesterday issued a press release noting that "The people who incorrectly claimed that Citigroup approached Cullen Frost are so wrong they don't have a clue." The

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Making an exception to its policy of not commenting on mergers/acquisitions, Cullen/Frost yesterday issued a press release noting that “The people who incorrectly claimed that Citigroup approached Cullen/Frost are so wrong they don’t have a clue.” The comments were made following a report in Business Week that linked Citigroup to discussions with Cullen/Frost, Fleet Financial, or Texas Commerce.

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