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Wells to buy Wachovia for about $16 billion (Reuters)

Date : 03 Oct 2008 Category : Business

Yahoo! News: Business

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Reuters - Wells Fargo & Co said on Friday it would buy Wachovia Corp for about $16 billion, apparently besting a government-backed Citigroup Inc bid for some of the bank's assets, in a deal that would catapult Wells Fargo into the ranks of the leading national consumer banks.

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