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US - Wachovia is walking away from its tentative deal with Citigroup....

The troubled bank announced this morning that Wells Fargo is buying it instead...

Wells Fargo offered 15-billion dollars for Wachovia... Much more than the two billion that Citigroup did.

Unlike the Citigroup deal... The Wells Fargo-Wachovia merger will require no financial assistance from the government...Wells Fargo Positions To Buy Wachovia
 

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