Wachovia stock falls amid talk of merger

Wachovia stock falls amid talk of merger

www.chicagotribune.com

n after-hours trading, Wachovia dropped another 15 percent, to $8.50, after The New York Times reported that New York-based Citigroup Inc. was in early talks to buy the bank. The Wall Street Journal said bids may come from San Francisco-based Wells Fargo & Co. and Spain's Banco Santander SA.

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Looks like another giant may soon be going down the tubes.
Or at least being bought out.
But is it any surprise, really?

The article tries to "poo poo" the possible buyout by saying something along the lines of "It's not as big of a deal as the WAMU situation"..

Well......Obviously.. Because WAMA was the supposed quote un-quote "top dog".

www.chicagotribune.com
(visit the link for the full news article)