Created Fri 3rd Oct 2008 7:23am PST by 
reuters
reuters 
Who will succeed in buying Wachovia -- Citigroup or Wells Fargo?
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Voided at creator's request...wrong suspension time listed, new question being created
Background:
Question created by
Background: Wells Fargo said on Friday it agreed to buy Wachovia Corp for about $15.1 billion, a deal that would thwart Citigroup's attempt to buy Wachovia's banking assets.
Prior to receiving the Wells Fargo proposal, Wachovia had been negotiating with Citigroup to complete a transaction supervised by the Federal Deposit Insurance Corporation (FDIC) that included assistance from the government.
Citigroup said that the Wells Fargo deal was a "clear breach" of its exclusivity arrangement with Wachovia.
Who do you think will prevail in buying some or all of Wachovia?
Prior to receiving the Wells Fargo proposal, Wachovia had been negotiating with Citigroup to complete a transaction supervised by the Federal Deposit Insurance Corporation (FDIC) that included assistance from the government.
Citigroup said that the Wells Fargo deal was a "clear breach" of its exclusivity arrangement with Wachovia.
Who do you think will prevail in buying some or all of Wachovia?
Settlement details:As reported by Reuters
Forecast history %
| Wells Fargo |
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| Citigroup |
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Voided Tue 7th Oct 2008 2:25am PST
- Activity: H$9,486 |
- Predictions: 15 |
Comments: 0
Suspend date: Fri 3rd Oct 2008 3:59pm PST
Initial likelihoods: Wells Fargo: 75%, Citigroup: 25%
Action history:
bayoubear![[Admin]](http://www.hubdub.com/images/icon_admin.gif "This user is an admin"){kind=icon}
: Voided at creator's request...wrong suspension time listed, new question being created 
Suspend date: Fri 3rd Oct 2008 3:59pm PST details 
Get widget!Predictions (15)
eric30041
predicted Citigroup (H$33 at 22%)
predicted Wells Fargo (H$50 at 77%)
predicted Citigroup (H$100 at 23%)
bigken1
predicted Citigroup (H$500 at 17%)Comments (0)
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score: 10
Central Valley Business Times 1 year ago
am UPDATES with Citigroup comments Ends FDIC-backed deal with Citibank 'This deal enables us to keep Wachovia intact' Wells Fargo & Company (NYSE: WFC) of San Francisco says it's buying financially troubled Wachovia Corporation
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Biz Journals 1 year ago
Citigroup Inc. on Friday issued a strong statement demanding the termination of Wells Fargo & Co.s proposed acquisition of Wachovia Corp. Citi claims Friday's surprise announcement violates an exclusivity agreement it
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NewIndPress 1 year ago
NEW YORK: Wells Fargo & Co said on Friday it reached a deal to buy Wachovia Corp for about $15.1 billion, thwarting Citigroup Inc's attempt to buy Wachovia's banking assets. Prior to receiving
score: 10
RTTNews.com 1 year ago
Regulators on Friday gave a tepid response to a deal for Wells Fargo (WFC: News ) to acquire Wachovia (WB: News ), noting that they had already approved a proposed merger Wachovia had been contemplating with Citigroup (C: News ).A couple of
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DSNews.com 1 year ago
Wachovia Wachovia has agreed to sell its operations to Wells Fargo in an all-stock transaction for $15.1 billion, reneging on its intent to sell to Citigroup announced earlier this week. Wachovia
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