‘The Great Escape’ to End With $1.6 Billion Profit at Pimco – NYT

New York Times business columnist Michael Schmidt writes: “Pimco’s $1 billion win against Citigroup was a huge win, a $1,000 bonus for the firm’s top executives, and a boost to its shareholders.

The money will help Pimcorp survive.

That’s what we’ve seen with Pimconas $1B. “

Pipelines that don’t get built are more costly and less efficient than pipelines that do get built.

That’s what we’ve seen with Pimconas $1B.

If Citigroup has to go through this again, and if the Pimico deal is the last piece of the puzzle, it could be a real pain for Pimcoma.”

The story also included the following: “After years of being the biggest shareholder in a pipeline that was never built, Citigroup said Thursday that it would pull out of a $5.7 billion deal with PIMCO.

The decision came after years of uncertainty over Pimcap, a subsidiary of PimCorp.

PimCap is part of a consortium that has been working to develop pipelines that will eventually carry oil from Alberta to the Gulf Coast.

PIMCAP is a consortium of about a dozen companies that are developing a network of pipelines to carry oil to Asia, Latin America, and Europe. “

Citi will not be participating in PimCona or the $5B PimCAP pipeline project, the company said in a statement.

PIMCAP is a consortium of about a dozen companies that are developing a network of pipelines to carry oil to Asia, Latin America, and Europe.

“With the PIMCORP deal not moving forward, the pipeline company will no longer have a significant stake in the company and will have to look elsewhere to acquire its pipeline assets, PIMcorp said in its statement. “

“We continue to invest in the global market and will continue to be an active participant in the development of this new global pipeline network.” “

PimCO said in December that it planned to buy a majority stake in Citigroup, which had already agreed to buy the minority stake in PIMCap. “

We continue to invest in the global market and will continue to be an active participant in the development of this new global pipeline network.”

PimCO said in December that it planned to buy a majority stake in Citigroup, which had already agreed to buy the minority stake in PIMCap.

In the statement, PimCorp said that “while the PIPC deal is not going to be finalized in time for the fiscal year that begins on Oct. 1, we are confident that the partnership will provide a strong return for investors.”

PIMCorp’s stock is up $1 since the start of the year, while Citigroup stock is down by about $100.

“This is the biggest Pim Corp. win in recent history,” wrote Business Insider’s David Pogue in a post on Wednesday.

“I’m going to put it this way: it’s going to make Citigroup look like a bunch of crooks.”

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