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Wells bids $16 billion for Wachovia, scuffles with Citi (Reuters)

Date : 03 Oct 2008 Category : Business

Yahoo! News: Business

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Reuters - Wells Fargo & Co agreed to buy Wachovia Corp for about $16 billion, catapulting it into the top ranks of U.S. consumer banking and upstaging a government-backed Citigroup Inc bid for the troubled bank.

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