"October 05, 2008
Wachovia Issues Statement Regarding New York Court Order
Wachovia does not believe Justice Ramos' order has any effect on the validity of the Wells Fargo agreement with Wachovia.
Wachovia continues to believe its agreement with Wells Fargo, which involves no government assistance, is proper and valid. The agreement is in the best interests of shareholders, employees, creditors and retirees as well as the American taxpayers and it imposes no risk to the FDIC fund.
Under that agreement, Citigroup is always free to make a superior offer to Wachovia."
.....bring it....
