UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Form 8-K
CURRENT REPORT
Pursuant to Section 13 OR 15(d) of The Securities Exchange Act of 1934
Date
of Report (Date of earliest event reported): August 30, 2007
POPULAR, INC.
(Exact name of registrant as specified in its charter)
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| PUERTO RICO
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000-13818
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66-0667416 |
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(State or other jurisdiction of
incorporation or organization)
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(Commission File Number)
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(IRS Employer Identification Number) |
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209 MUNOZ RIVERA AVENUE
HATO REY, PUERTO RICO
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00918 |
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| (Address of principal executive offices)
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(Zip code) |
(787) 765-9800
(Registrant’s telephone number, including area code)
NOT APPLICABLE
(Former name, former address and former fiscal year, if changed since last report)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy
the filing obligation of the registrant under any of the following provisions:
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Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) |
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Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) |
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Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR
240.14d-2(b)) |
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Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR
240.13e-4(c)) |
Item 8.01. Other Events
On August 30, 2007, Popular, Inc. and Citigroup Global Markets, Inc. announced the signing of a
definitive agreement under which Popular Securities, Inc., a wholly
owned subsidiary of Popular, Inc. will acquire the operations of broker-dealer Smith
Barney in Puerto Rico. Smith Barney is a division of Citigroup Global Markets, Inc. As of June
30, 2007, Smith Barney’s securities business in Puerto Rico consisted of approximately $1.8 billion
in assets under management, approximately 15,000 accounts and 42 employees, including 26 financial
advisors. The transaction is subject to regulatory approvals and other customary closing
conditions.
A copy of Popular, Inc.’s press release announcing the transaction is attached as exhibit 99.1 to
this Current Report on Form 8-K.
Item 9.01. Financial Statements and Exhibits
99.1
News release dated August 30, 2007, announcing that Popular
Securities, Inc. and Citigroup Global
Markets, Inc. signed a definitive agreement under which Popular
Securities, Inc. will acquire the Puerto Rico
operations of broker-dealer Smith Barney.