Quick Hits: Wells Fargo Clinches Wachovia Deal
It looks like higher bids still win suggesting that markets continue to mean something.What's certain is that Wells Fargo's (WFC) planned acquisition of Wachovia (WB) will be in compliance with the Attorney's Full Employment Act: Citigroup (C) plans to seek $60 billion in damages for breach of contract though it won't challenge completion of the deal in court.On Sunday the Federal Reserve approved Wells Fargo's $11.7 billion acquisition of Wachovia. Wells Fargo says it plans to complete the acquisition by the end of the fourth quarter. Wells Fargo's deal was valued at $15.1 billion for Wachovia's banking and other ...
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