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Chalanachithram.com DB » TF Industry related » Archive through October 06, 2008 » WellsFargo buys Wachovia « Previous Next »

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Rebel
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Username: Rebel

Post Number: 2710
Registered: 02-2008
Posted From: 151.151.21.107

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Posted on Friday, October 03, 2008 - 01:13 pm:   Insert Quote Edit PostDelete PostPrint Post   Move Post (Moderator/Admin Only)Ban Poster IP (Moderator/Admin only)

idi senate amendment bill anta...deeni tarvata asala bailout bill voting untadi...
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Rebel
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Username: Rebel

Post Number: 2709
Registered: 02-2008
Posted From: 151.151.73.169

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Posted on Friday, October 03, 2008 - 01:10 pm:   Insert Quote Edit PostDelete PostPrint Post   Move Post (Moderator/Admin Only)Ban Poster IP (Moderator/Admin only)

so far 89-35 in favor of bailout bill..
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Rebel
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Username: Rebel

Post Number: 2704
Registered: 02-2008
Posted From: 151.151.21.106

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Posted on Friday, October 03, 2008 - 11:49 am:   Insert Quote Edit PostDelete PostPrint Post   Move Post (Moderator/Admin Only)Ban Poster IP (Moderator/Admin only)


Maverick:

citi offered this 2.2 only for banking operations..wells fargo agreed to buy other units also


yup correct...still i think wells is abetter deal...it also doesnt require FDIC intervention..
"Unlike the Citi deal, the Wells Fargo purchase would require no financial assistance. With the Citi transaction, the FDIC would cover any losses over $42 billion on Wachovia's $300 billion loan portfolio."
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Maverick
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Username: Maverick

Post Number: 7001
Registered: 01-2008
Posted From: 192.146.101.24

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Posted on Friday, October 03, 2008 - 11:41 am:   Insert Quote Edit PostDelete PostPrint Post   Move Post (Moderator/Admin Only)Ban Poster IP (Moderator/Admin only)


Rebel:

Citi planning to buy for 2.2B, Wells for 15.1B..




tammud citi offered this 2.2 only for banking operations..wells fargo agreed to buy other units also
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Rebel
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Username: Rebel

Post Number: 2703
Registered: 02-2008
Posted From: 151.151.21.106

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Posted on Friday, October 03, 2008 - 11:40 am:   Insert Quote Edit PostDelete PostPrint Post   Move Post (Moderator/Admin Only)Ban Poster IP (Moderator/Admin only)

Citi planning to buy for 2.2B, Wells for 15.1B..
Citi entha gola chesina this deal will make through...tarvata sangathi tarvta
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One
Junior Artist
Username: One

Post Number: 437
Registered: 09-2008
Posted From: 66.67.114.55

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Posted on Friday, October 03, 2008 - 11:38 am:   Insert Quote Edit PostDelete PostPrint Post   Move Post (Moderator/Admin Only)Ban Poster IP (Moderator/Admin only)


Rebel:

wachovia shares jump 74%...



WB
Last 10 days lo 800% up
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Maverick
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Username: Maverick

Post Number: 7000
Registered: 01-2008
Posted From: 192.146.101.24

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Posted on Friday, October 03, 2008 - 11:36 am:   Insert Quote Edit PostDelete PostPrint Post   Move Post (Moderator/Admin Only)Ban Poster IP (Moderator/Admin only)

wachovia violated citis deal..i guess this may not work
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Jackjill
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Username: Jackjill

Post Number: 4734
Registered: 03-2008
Posted From: 206.243.134.73

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Posted on Friday, October 03, 2008 - 11:35 am:   Insert Quote Edit PostDelete PostPrint Post   Move Post (Moderator/Admin Only)Ban Poster IP (Moderator/Admin only)

Good move.. Share holders are benefitting by the bidding war ..

Citi wanted to buy the bank for peanuts ..
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Naked_basket
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Username: Naked_basket

Post Number: 124
Registered: 09-2008
Posted From: 199.171.86.140

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Posted on Friday, October 03, 2008 - 11:30 am:   Insert Quote Edit PostDelete PostPrint Post   Move Post (Moderator/Admin Only)Ban Poster IP (Moderator/Admin only)

Citi is planning to sue Wells Fargo....its going to be interesting
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Rebel
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Username: Rebel

Post Number: 2702
Registered: 02-2008
Posted From: 151.151.73.169

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Posted on Friday, October 03, 2008 - 11:30 am:   Insert Quote Edit PostDelete PostPrint Post   Move Post (Moderator/Admin Only)Ban Poster IP (Moderator/Admin only)

ipudu citi sue chestadata wells konte ...iddari madya fight..
but ultimately wachovia will end up with wellsfargo..

http://money.cnn.com/2008/10/03/news/companies/wells_fargo_w achovia/index.htm?postversion=2008100311
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Idle_yzag
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Username: Idle_yzag

Post Number: 4374
Registered: 02-2008
Posted From: 198.80.153.5

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Posted on Friday, October 03, 2008 - 11:21 am:   Insert Quote Edit PostDelete PostPrint Post   Move Post (Moderator/Admin Only)Ban Poster IP (Moderator/Admin only)

citigroup annaru kada... WFG konnadha? Wachovia mare L aipoindi... yevadu padithe vadu yekkuthunadu... chass 3 yrs nunchi ee bank lo account vundi
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Rebel
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Username: Rebel

Post Number: 2701
Registered: 02-2008
Posted From: 151.151.21.106

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Posted on Friday, October 03, 2008 - 11:09 am:   Insert Quote Edit PostDelete PostPrint Post   Move Post (Moderator/Admin Only)Ban Poster IP (Moderator/Admin only)

http://biz.yahoo.com/ap/081003/wells_fargo_wachovia.html
wachovia shares jump 74%...

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