Friday, October 3, 2008
business / North Carolina The Wells Fargo wagon is a-comin'
Posted by Bob Geary @rjgeary on Fri, Oct 3, 2008 at 9:52 AM
Hey, $7 a share is better than $2 a share. (Actually, our Wachovia Bank shares were worth nearly $4 when the market closed yesterday. Not the $58 of a year ago, but who's counting.) Wells Fargo is merging with Wachovia in a deal that does sound better for Charlotte than Citigroup's snatch-and-grab.
Update: Citigroup says, "Whoa, Nelly. We had a deal, and we're fixin' to hold you to it. Film at 11.
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