Wells Fargo (WFC) Issues Statement On Wachovia (WB) Deal
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Wells Fargo & Company (NYSE: WFC) issued the following statement today on its definitive agreement with Wachovia Corporation (NYSE: WB):
"Wells Fargo and Wachovia have a firm, binding merger agreement. That agreement represents a transaction that, in stark contrast to Citigroup's (NYSE: C) proposal, provides significant and certain value to Wachovia shareholders, keeps Wachovia intact, is better for all of Wachovia's stakeholders including its employees and does not demand financial support from our government. We are confident that we will complete our announced merger with Wachovia. Nothing in the court's temporary order impacts our ability to ultimately do that."
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