Recent drop in stock could represent a quality time to invest ... of a merger with the former Norwest Corporation in 1998 and the acquisition of the former Wachovia Corporation at the height of the financial crisis on December 31, 2008.
“Our branch network is now below 6,000 for the first time since our merger with …
Wachovia (WB) dodged a bullet on July 22 after the bank's new chief executive said there was no plan to issue common stock to raise capital. But analysts believe the accelerating pace of credit deterioration may make such moves …
NEW YORK (AP) -- In an abrupt change of course, Wachovia Corp. said Friday it agreed to be acquired by Wells Fargo & Co. in a $15.1 billion all-stock deal, wiping out Wachovia's previous plan to sell its banking operations to rival suitor …
CHICAGO (Reuters) - Wachovia Corp's WB.N biggest institutional shareholder said on Thursday investors were misunderstanding the troubled bank's business and its stock was trading very cheap. "The price is awfully low right …
NEW YORK — In a stunning reversal, Wachovia said Friday that it planned to be acquired by a rival bank, Wells Fargo, for about $15.1 billion in stock. The announcement came four days after Citigroup believed that it had cemented a deal …
Under the agreement, Wells Fargo will acquire all outstanding shares of common stock of Wachovia in a stock-for-stock transaction. In the transaction, Wells Fargo will acquire all of Wachovia Corporation and all its businesses and …
SAN FRANCISCO — Wachovia Corp., the nation’s fourth largest bank, is muscling into the West with a $25.5 billion deal to buy Golden West Financial Corp., a mom-and-pop shop that blossomed into a prized savings and loan. The stock
The surprise announcement that Wachovia Corp. agreed to be acquired by San Francisco-based Wells Fargo & Co. in the all-stock deal -- without government assistance -- upended what had appeared to be a carefully examined arrangement …
NEW YORK -- In an abrupt change of course, Wachovia said today it agreed to be acquired by San Francisco-based Wells Fargo & Co. in a $15.1 billion all-stock deal, trumping rival suitor Citigroup's plan to acquire Wachovia's …