[ Reuters: Top News] Wells to buy Wachovia for over $16 billion
Posted: Fri Oct 03, 2008 10:30 am
NEW YORK (Reuters) - Wells Fargo & Co agreed to buy Wachovia Corp for more than $16 billion, besting a U.S. government-backed Citigroup Inc bid for some of its assets, in a deal that would catapult Wells Fargo to the top ranks of national consumer banks.
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