Citi (C) Says its Official: to Buy Wachovia for $2.16B in Stock; Will Raise $10B in Equity and Cut Dividend to $0.16/Share

September 29, 2008 9:27 AM EDT Send to a Friend
Citi (NYSE: C) today announced it has reached an agreement-in-principle to acquire all of the banking subsidiaries of Wachovia Corporation ...

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