[ Reuters: Top News] Wells to buy Wachovia for about $16 billion
Posted: Fri Oct 03, 2008 11:30 am
NEW YORK (Reuters) - Wells Fargo & Co said on Friday it would buy Wachovia Corp for about $16 billion, apparently besting a government-backed Citigroup Inc bid for some of the bank's assets, in a deal that would catapult Wells Fargo into the ranks of the leading national consumer banks.
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