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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 Citigroup Inc. A ...
ABC News · 10/3/2008
Now, in forcing Wachovia back into play, Wells Fargo sets the stage for one of the most dramatic takeover battles in recent memory, pitting against each other the No. 3 and No. 4 U.S. banks in terms of stock-market value. The Wells Fargo offer provides a ...
Wall Street Journal · ByDan Fitzpatrick · 10/4/2008
The stock market crash of 1929 created barely a ripple in Palm ... In a nutshell, though, First Union acquired Wachovia Bank in 2002 and the bank at 255 S. County Road began operating under that name. Wells Fargo …
Palm Beach Daily News · ByJohn Nelander · 7/27/2015
Palm Beach
It was only a week ago when Goldman Sachs and Morgan Stanley shed their investment banking skins to become commercial banks in a bid to stem a bloodbath in both firms’ stocks. And now it’s troubled Wachovia’s turn to do a sudden, life-saving ...
Businessweek · 9/29/2008
Wachovia Corp.'s battered shares fell further Friday amid speculation that record losses tied to bad home loans may force the bank into a merger. The stock of Charlotte-based Wachovia plunged $3.70, or 27 percent, to close at $10, after falling as low as $ ...
Chicago Tribune · 9/27/2008
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
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
Previous plans to sell banking operators to Citigroup are off the table In an abrupt change of course, Wachovia (B) said Friday it will be acquired by Wells Fargo & Co. (WFC) in a $15.1 billion all-stock deal, wiping out Wachovia's previous plan to sell ...
Bloomberg · 10/3/2008
Wachovia’s stock price has been pounded since the bank made an ill-timed acquisition of a California mortgage lender in May 2006, and the stock has fallen 57 percent over the past year amid a steady drumbeat of disappointing results. Mr. Smith gave Mr ...
New York Times · 6/3/2008
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