Author: bibi
Wells to buy Wachovia for about $16 billion
Friday, October 3rd, 2008 @ 1:06 pm
Reuters - Wells Fargo & Co said on Friday it would buy Wachovia Corp for about $16 billion, apparently besting a government-backed Citigroup Inc bid for some of the bank's assets, in a deal that would catapult Wells Fargo into the ranks of the leading national consumer banks.
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