February 8, 2008 / 6:03 PM / 10 years ago

Citigroup reports 5.7 pct passive stake in Beazer Homes

Feb 8 (Reuters) - Beazer Homes Usa Inc (BZH.N) shareholder Citigroup Inc (C.N) disclosed a 5.7 percent passive stake in the homebuilder, assuming conversion/exercise of certain securities held, according to a regulatory filing.

Citigroup said the stake gives it ownership and shared voting power over about 2.3 million shares. (Reporting by Sayantani Ghosh in Bangalore;)

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