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Friday, October 3, 2008

Wells Fargo agrees to buy Wachovia for $15.1 billion

Wells Fargo agreed to acquire Wachovia Corp. for about $15.1 billion in an all-stock purchase. The purchase requires no assistance from the Federal Deposit Insurance Corp. or any other government agency, the companies said, and it ends Wachovia's talks with Citigroup about a possible merger. The deal values Wachovia shares at about $7.

more at http://www.thestreet.com/story/10440560/1/wells-fargo-to-buy-wachovia-for-15-billion.html

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