Wells Fargo Buying Wachovia
Source: http://feeds.feedburner.com/~r/StocksOptionsBlog/~3/410190669/Posted on Friday, October 3rd, 2008 | In Stocks to Watch
Contributed by: Daniel Shepard (http://www.navivest.com/blog) -
Wachovia (WB) has ended merger talks with Citigroup (C) and Wells Fargo (WFC) has now made an offer for the company. Should the merger go through, Wachovia (WB) shareholders will receive .1991 shares of Wells Fargo (WFC) for each Wachovia (WB) share they own. Using Wells Fargo’s (WFC) closing price of $35.16 on Tursday 10/02/08, the offer is valued at $7 per share or $15.1 billion. Wachovia (WB) shares closed at $3.91.
Tags: Wachovia Wells Fargo Citigroup
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 About Daniel Shepard (http://www.navivest.com/blog)
Daniel Shepard is an Equity Analyst with Navivest, a stocks and options trading advisory services company that provides trading ideas on a subscription basis. |
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