Wells Fargo acquiring Wachovia for $15.1 billion
- added October 03, 2008
- 3 responses
-
-
-
- hsaleem
- added this
-
-
- related topics
-
- Financial Crisis (401)
- Wachovia (75)
- Citigroup (19)
- Takeover (8)
- Wachovia Corp (3)
- wells gargo (1)
Wells Fargo says it is acquiring Wachovia in an all-stock transaction worth about $15.1 billion, as Wachovia ends talks with rival suitor Citigroup.
-
The deal, announced Friday, comes amid a turbulent time for banks and financial firms as they grapple with the ongoing credit crisis, which led to the recent bankruptcy of Lehman Brothers Holdings Inc. and the failure of Washington Mutual.
-
Looks like Citigroup was deeply effected by the original failed bailout package and lost this deal to Wells Fargo.
Makes me wonder how Citigroup is doing overall. -
Each one of them is effected. We have to stop the FED if we want to survive.
Login/Registration is required to add a response
