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Old 10-03-2008, 05:22 AM
 
33 posts, read 79,232 times
Reputation: 23

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Looks like Wells has signed the agreement. Wachovia will be owned by a West Coast bank not East Coast. This could bid will for the folks in Charlotte as this will be their East Coast retail center. We'll see in the next couple of days. At least the shareholders will be getting a better deal as the bid was higher.

Too bad LondonLawyer

 
Old 10-03-2008, 05:25 AM
 
Location: State of Being
35,885 posts, read 67,023,037 times
Reputation: 22370
Got a link, by any chance? Do you know what station ran this info? Thanks!
 
Old 10-03-2008, 05:27 AM
 
33 posts, read 79,232 times
Reputation: 23
Can't reveal my sources but I'm sure Bloomberg or CNBC will have something on it soon if not already.
 
Old 10-03-2008, 05:29 AM
 
Location: State of Being
35,885 posts, read 67,023,037 times
Reputation: 22370
Quote:
Originally Posted by M&M2Clt View Post
Can't reveal my sources but I'm sure Bloomberg or CNBC will have something on it soon if not already.
Turning there now . . . CNN just announced the deal and said this will keep Wachovia intact.

We have another thread on this that another poster started.

This should be a much more compatible situation - and much better news for employees.

ETA: please note - this is all private sector and NOT a government bail out. Looks like the system is working w/o the bailout. Hmmmm.
 
Old 10-03-2008, 05:55 AM
 
Location: Charlotte, NC
1,808 posts, read 5,859,278 times
Reputation: 748
Here's a link to an article on CNBC about this:

Wells Fargo to Buy Wachovia for $15.1 Billion - Mergers and Aquisitions * US * News * Story - CNBC.com (http://www.cnbc.com/id/27005847 - broken link)
 
Old 10-03-2008, 06:23 AM
 
Location: The 12th State
22,974 posts, read 58,484,987 times
Reputation: 14917
Default Moderator note

Please continue discussing the the Wells Fargo Wachovia in this thread. Wells Fargo to Buy Wachovia for $15.1 Billion

thanks
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