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Supporters started selling T-shirts with the message: "Wally worries about Waxhaw's future." Even though the Union County Board of Elections ruled he was ineligible, Wally got three votes. Steve Lyttle.
Sports was able to identify a handful of Mercury Hotel charges on the debit card from his Wachovia statements. One charge in particular took place for rooms reserved on Sunday, Sept. 29, 2002 and settled on Monday, Sept. 30. The charges, which totaled
Nix organized a firefighter memorial stair climb at the Wachovia office tower downtown. Walker was recently in Washington, DC, for an FBI convention on national security, and has helped planned a tribute ceremony. News Contact: Ken Luck,
The Residential Real Estate Crash Index Message Board - Msg: 25056917
Wells Fargo Gains After $12 Billion Bid for Wachovia
http://bloomberg.com/apps/news?pid=20601087&sid=av.hS23aCQDw&refer=home
Oct. 10 (Bloomberg) -- Wells Fargo & Co. jumped 3.9 percent in U.S. trading after sealing a $12.2 billion deal to acquire Wachovia Corp., creating the largest U.S. bank by branches.
Wells Fargo and Wachovia said late yesterday they will stick to the terms of the all-stock deal they struck Oct. 3, fending off a challenge from Citigroup Inc., which had made its own offer four days earlier. Wachovia jumped 43 percent.
The deal marks Wells Fargo Chairman Richard Kovacevich's biggest takeover since he led Minneapolis-based Norwest Corp.'s purchase of Wells Fargo 10 years ago. Like JPMorgan Chase & Co., which last month acquired Washington Mutual Inc., he took advantage of the worst financial crisis since the Great Depression to extend his geographic franchise.
``This merger should be the best of the bunch,'' said Deutsche Bank AG analyst Michael Mayo in a note to clients. ``The main issue -- and it is a big issue -- is how much the weaker U.S. housing, mortgage and consumer markets will take a toll.'' He rates the shares ''hold.''
The Wells Fargo bid values Charlotte, North Carolina-based Wachovia at about $5.64 a share, 10 percent more than today's closing price of $5.15. Wells Fargo rose $1.06 to $28.31 at 4:15 p.m. in New York Stock Exchange composite trading. Wachovia advanced $1.55 to $5.15 and Citigroup climbed $1.18, or 9.1 percent, to $14.11.
Citigroup, based in New York, dropped the legal battle it waged to prevent the merger. The bank, led by Chief Executive Officer Vikram Pandit, 51, still plans to sue Wells Fargo for $60 billion in damages, saying news of the competing bid caused its own share price to tumble.
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