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 …
His time at Wachovia is likely to cost Bob Steel, who sank $16 million of his personal fortune into the bank's stock, which has since shed about 78 percent of its value. But a trio of top executives could see fat checks if they leave following the ...
NEW YORK (CNNMoney.com) -- Citigroup will acquire the banking operations of Wachovia for $2.2 billion in an all-stock deal announced Monday, following much speculation over the weekend about the fate of the nation's fourth-largest …
The surprise announcement early Friday by Wachovia Corp. that it had 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 …
The Wachovia name would disappear. Under the Wells Fargo merger, the bank would acquire all of Wachovia in a stock swap. Wachovia's shareholders would receive 0.1991 shares of Wells Fargo common stock for every share of …
Say goodbye to Republic Security Bank. On Monday, the West Palm Beach institution said it would be sold to Wachovia Bank for $344 million in stock. Republic Security, with assets of $3.4 billion and 99 branches, was the …
After a strong performance last week, Wachovia shares appeared to fall back to earth on Monday, having dropped as much as 10.3 percent. That’s a sobering change from last week, when Wachovia shares gained 31 percent. But …
First Union acquired Wachovia, but the companies decided to use Wachovia as the name for the combined company. As a result, the stock that used to trade as First Union is now called Wachovia and is traded under Wachovia's ticker …
Democracy goes only so far in a proxy fight. The voter who matters most here is not the average shareholder who might hold a couple of hundred shares of Wachovia stock. Instead, when two of America's biggest banks finish their frenetic …
Just hours after the tie-up became public, Citigroup (C, Fortune 500) pressed the two firms to abandon their plans, arguing that it had entered into an exclusivity agreement with Wachovia. Unlike Citigroup's $2.2 billion all-stock offer for …