For a $15.1 billion all-stock deal left on the nightstand, Wachovia allowed Wells Fargo Bank to buy it this morning. But not so fast, says Citigroup, who "now demands that Wachovia abide by the terms of its earlier deal to buy …
Citigroup will pay $US2.16 billion in stock to Wachovia and assume the senior and subordinated debt of Wachovia Corporation, the companies said. New York-based Citigroup will assume up to $US42 billion of losses from a pool of …
The deal calls for Charlotte, N.C.,-based Wachovia to exchange 0.89 shares of its common stock for each share of Birmingham, Ala.,-based SouthTrust. The companies valued the deal at $14.3 billion, based on Wachovia's closing …
CHARLOTTE, N.C. (AP) — Wachovia Corp. has upped the number of stock options given to chief executive Ken Thompson, although the leader of the nation's fourth-largest bank will not receive a cash bonus for his work in 2007. In a …
Wells Fargo & Co. and Wachovia Corp. shareholders Tuesday voted to approve Wells Fargo’s $11.8 billion purchase of Wachovia. A combined Wells Fargo and Wachovia will have more than $1.42 trillion in assets and nearly $800 million …
Wells admitted no liability or wrongdoing by Wachovia in settling with the plaintiffs, mainly pension funds that had bought bonds and preferred stock from Wachovia in 2007 and 2008. In several suits consolidated before a federal judge in …
... all-stock purchase of Merrill Lynch & Co., while Wells Fargo & Co. said it has completed its $12.7 billion all-stock purchase of Wachovia Corp. Merrill Lynch's sale to Charlotte, N.C.-based Bank of America, announced Sept. 15, …