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Corporate & Securities Law

: DealLawyers.com Blog

Citigroup, Wachovia & Wells Fargo: "Deal Jumping" is Alive and Well in the Financial Sector

By broc

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Citigroup, Wachovia & Wells Fargo: "Deal Jumping" is Alive and Well in the Financial Sector - John Jenkins, Calfee, Halter & Griswold LLP A fascinating showdown appears to be brewing between Citigroup and Wachovia over the decision by Wachovia’s board to abandon talks with Citigroup and embrace a $15.1 billion takeover proposal from Wells Fargo. Citi has issued a statement accusing Wachovia of a “clear breach” of the parties’ exclusivity agreement. Citi says that “the agreement provides, a read more

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Full post as published by DealLawyers.com Blog on October 06, 2008 (boomark / email).

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