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
NEW YORK (MarketWatch) -- Wachovia Corp., making its first foray into the California market, agreed Monday to acquire Westcorp for $3.42 billion in stock in a bid to give its auto-financing operations a national presence. Charlotte, N.C. …
Sullivan of the United States District Court for the Southern District of New York threw out numerous claims by stock and bond holders against Wachovia, in addition to several of its officers, directors, and auditors, which alleged that the …
Brokerage giant Wachovia Securities said Tuesday that it was investigating stock trading, including the possible use of fictitious accounts to reap short-term gains, at one of its Westlake Village offices. The NASD, the brokerage industry's …
Wells Fargo & Co., San Francisco, outbids Citigroup to buy all of Wachovia Corp.-- the bank and its A.G. Edwards, Prudential and Evergreen investment units -- for $15 billion in Wells stock, worth about $7/share. Wachovia said its …
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 …