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Market Watch (Free subscription) | 5 hours ago
SAN FRANCISCO (MarketWatch) -- Wachovia Corp. will issue preferred shares as part of its merger agreement with Wells Fargo & Co. without the usual shareholders' approval in a bid to proceed with the merger as soon as possible, the bank said Friday. Wachovia's Audit Committee has decided that the delay to seek approval could seriously jeopardize Wachovia's financial viability....
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The St Louis Business Journal (Free subscription) | yesterday
Federal antitrust regulators cleared Wells Fargo's $11.7 billion acquisition of Wachovia Corp., according to media reports.
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Examiner (Free subscription) | yesterday
Federal antitrust regulators say they have cleared Wells Fargo's $11.7 billion acquisition of troubled bank Wachovia Corp.
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JURIST (Free subscription) | yesterday
[JURIST] Citigroup Inc. on Thursday announced that it would not seek to enjoin the acquisition of Wachovia Corp. by Wells Fargo & Co. but would pursue claims against both financial institutions for alleged breach of contract and tortious interference with contract. Citigroup's decision to abandon negotiations to acquire a substantial portion of Wachovia operations clears the way...
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Raw Story (Free subscription) | 4 hours ago
As ailing Wachovia Corp. waits to see whether it will be acquired by Wells Fargo & Co. or Citigroup Inc. -- possibly with taxpayers paying the tab for hundreds of billions of dollars in bad loans -- some of the company's top brokers are preparing to depart Saturday for an all-expenses-paid cruise of the Greek Isles...
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StarTribune.com (Free subscription) | yesterday
Federal antitrust regulators say they have cleared Wells Fargo's $11.7 billion acquisition of troubled bank Wachovia Corp.
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The Charlotte Business Journal (Free subscription) | yesterday
Working Mother magazine has named Wachovia Corp. and Bank of America Corp. among its top 100 U.S. companies for working mothers. (BAC) (WB)
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The Dayton Business Journal (Free subscription) | yesterday
Federal antitrust regulators cleared Wells Fargo's $11.7 billion acquisition of Wachovia Corp., according to media reports. (C) (WB) (WFC)
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San Fransisco Chronicle (Free subscription) | yesterday
The top brass of Wachovia Corp., which lost billions betting on risky mortgages and neared the brink of bankruptcy last week, could walk away with tens of millions of dollars if Wells Fargo & Co. completes its acquisition of the Charlotte, N.C. bank. In...
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The Los Angeles Business (Free subscription) | yesterday
To get its projected $5 billion per year in merger savings on the Wachovia Corp. deal, Wells Fargo & Co. will likely have to cut nearly 25,000 jobs nationwide. And about 1,000 jobs at Wachovia’s corporate headquarters in Charlotte, N.C., will be the first to go, according to people familiar with Wachovia’s operations. (BAC)
