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... up the markets late last week with an announcement that it had reached an agreement with Wachovia's board to buy Wachovia lock, stock and barrel for a little over $15 billion in stock. "But wait," you say, "Didn't Wachovia already have a deal in place ...
Investopedia · 10/2/2008
Wells Fargo's offer of $15.1 billion in stock for all of Wachovia beats Citi's deal, announced Sept. 29, to buy parts of Wachovia for $2.2 billion in stock. Citi also relied on participation from the Federal Deposit Insurance Corp. to protect Citi from ...
Bloomberg · ByBen Steverman · 10/3/2008
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 obligations, including ...
Business Wire · 10/2/2008
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Both newspapers cited people familiar with the discussions. By the end of the day's trading, Wachovia stock had skyrocketed 59%. Morgan Stanley finished up about four percent. CNBC reported that Morgan Stanley was having deal discussions with CITIC ...
usatoday30.usatoday.com · 9/19/2008
The company, which announced the move internally last month, took a similar review in 2008 after it bought Wachovia Corp, the Observer added. Wells Fargo could not immediately be reached for comment. The San Francisco-based company last month …
investing.com · 5/13/2015
NEW YORK (CNNfn) - First Union Corp. said Monday it has agreed to buy Wachovia Corp. for about $13 billion in stock, a move that would combine two North Carolina-based rivals and create the nation's fourth-largest bank. Wachovia holders will also …
CNN Money · 4/16/2001
CHARLOTTE — On his first day as the new chief executive officer of Wachovia Corp., Robert Steel saw the bank's stock tumble to a 17-year low and faced questions about his ability to rescue the nation's fourth-largest bank from its own missteps and the ...
The Post and Courier · 7/11/2008
Citigroup reiterated its commitment to buy most assets of the troubled Charlotte, N.C., bank despite the failure of the government's financial bailout plan. And Wachovia said it is financially healthy enough to provide support for the remaining parts of ...
Tampa Bay Times · 9/30/2008
Question: I had high hopes for my shares of Wachovia Corp. and have been disappointed. What does the future hold? F.C., via the Internet Answer: You can't underestimate the power and potential of Wachovia, which is the nation's fourth-largest bank in ...
Orlando Sentinel · 11/11/2007
Wells Fargo said early Friday that it would merge with Wachovia — including the troubled Charlotte bank’s banking operations — in a $15.1 billion all-stock merger. The announcement comes only four days after Citigroup reached an agreement in principl ...
Deal Book · 10/3/2008
wachovia
Wachovia (former NYSE ticker symbol WB) was a diversified financial services company based in Charlotte, North …
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