Thursday, December 17, 2009
Wells Fargo to Pay $4.5 Billion for Prudential Stake in Joint Venture
Shares of Prudential Financial (PRU) rose nearly 4% on Wednesday, a day after it was announced that Wells Fargo & Co. (WFC) would purchase Prudential’s minority stake in a joint venture through a cash payment of $4.5 billion... The transaction is expected to close by Dec. 31... The joint venture, which was originally launched by Wachovia Corp. with Prudential, became property of Wells Fargo after it acquired Wachovia...
Fox Business: Wells Fargo to Pay $4.5 Billion for Prudential Stake in Joint Venture
Fox Business: Wells Fargo to Pay $4.5 Billion for Prudential Stake in Joint Venture
Permalink posted by markw @ 11:29 AM 
 |
 |  |
  |
