money.cnn.com— Citigroup will acquire the banking operations of Wachovia for $2.2 billion in an all-stock deal, following much speculation over the weekend about the fate of the nation's fourth-largest bank.
Sep 29, 2008View in Crawl 4
They froze trading. When they opened back up, Wachovia was trading as an investment bank, not Wachovia Bank. The market is figuring out how much the investment bank and the other remaining assets are worth. My bet is it will hover around $12 per share.
@Typhoon,I understand your angst.You might want to check out a great book; The Fourth Turning. I forget the authors' names. You will find answers to your questions and some great thoughts about the future there.
unclecavemanSep 29, 2008
They froze trading. When they opened back up, Wachovia was trading as an investment bank, not Wachovia Bank. The market is figuring out how much the investment bank and the other remaining assets are worth. My bet is it will hover around $12 per share.
cquinndOct 1, 2008
Should I be the first to welcome our Keiretsu overlords?
cquinndOct 1, 2008
And Wamu was sold before they had an actual failure.
globalroamerDec 29, 2008
@Typhoon,I understand your angst.You might want to check out a great book; The Fourth Turning. I forget the authors' names. You will find answers to your questions and some great thoughts about the future there.