Monday, May 08, 2006

 

Wachovia to Acquire Golden West for $25B

Wachovia Corp., the nation's fourth largest bank, is muscling into the West with a $25.5 billion deal to buy Golden West Financial Corp., a mom-and-pop shop that blossomed into a prized savings and loan.

The stock-and-cash acquisition, announced late Sunday, values Golden West at $81.07 per share -- 15 percent above the company's closing price last week on the New York Stock Exchange...

AP: Wachovia to Acquire Golden West for $25B

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