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Citigroup’s OneMain Sale at Risk of Missing Third-Quarter Target

Aug. 10, 2015, 4:00 AM

Citigroup Inc.'s $4.25 billion sale of its OneMain Financial subprime-lending unit is at risk of missing a third-quarter target completion date because of antitrust questions.

The U.S. Department of Justice and some state attorneys general have told Springleaf Holdings Inc., which agreed in March to buy the business, that they have concerns about the deal, Evansville, Indiana-based Springleaf said in a regulatory filing Thursday.

“Springleaf expects to constructively engage with the DOJ and the states in an attempt to resolve any potential concerns,” the company, majority owned by Fortress Investment Group LLC, said in the filing. “These discussions could result ...

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