| Add to balance / Manage account | User: | Log out |
| Prospect News home > News index > List of issuers W > Headlines for Wachovia Corp. > News item |
Wachovia shareholders OK deal with Wells Fargo
By Lisa Kerner
Charlotte, N.C., Dec. 23 - Wachovia Corp. shareholders approved the company's $15.1 billion buyout by Wells Fargo & Co. at a special meeting on Tuesday.
According to Wachovia, approximately 76% of the votes entitled to be cast approved the transaction, which is expected to close by the end of the year.
Wachovia shareholders will receive 0.1991 shares of Wells Fargo common stock for each share of Wachovia common stock held, it was previously reported.
Wells Fargo said previously that the combined company's East Coast retail and commercial and corporate banking business will be based in Charlotte, N.C., where Wachovia is currently based. Wachovia Securities will continue to be based in St. Louis.
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.