UPDATE: Reports that Citigroup purchases Wachovia

09.29.2008 by André Natta · → 3 Comments

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The New York Times is reporting that Citigroup has agreed to purchase the banking operations of Charlotte, NC-based Wachovia (portions of which are formerly Birmingham based AmSouth Bank sorry, SouthTrust Bank) for $1 a share. We’ll see if we can’t get more information for you as it becomes available today.

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1 comments
Blake Helms
Blake Helms

$1 a share, it's sad how much value SouthTrust / Wachovia has lost. I'm glad I use a Credit Union and don't go through bank buyouts every other day