[ Reuters: Top News] Wells bids $16 billion for Wachovia, scuffles with Citi
Posted: Fri Oct 03, 2008 4:30 pm
NEW YORK (Reuters) - Wells Fargo & Co agreed to buy Wachovia Corp for about $16 billion, catapulting it into the top ranks of U.S. consumer banking and upstaging a government-backed Citigroup Inc bid for the troubled bank.
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