Wachovia (WB) Shareholders Approve Wells Fargo Merger
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Wachovia Corporation (NYSE: WB) announced today that its shareholders approved the Wells Fargo merger at its special meeting of shareholders. The merger was approved by approximately 76% of the votes entitled to be cast by the holders of Wachovia's outstanding shares of common stock and Series M preferred stock, including a majority of the outstanding shares of Wachovia's common stock.
Wells Fargo and Wachovia Corporation announced their intention to merge on Oct. 3, 2008. The transaction is expected to close by the end of the year.
Wachovia Corporation, a financial holding company, provides commercial and retail banking services, and other financial services in the United States and internationally.
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