TheRod

Citi Examines Its Carrots and Sticks

Under the Citi deal, Citi was not taking, nor paying for, the ($10B Rev / $2B profit) unit of Wachovia Securities, Evergreen Mut Funds, Wach Retirement, and Wachovia Ins Svc's.

Under the WF deal, WF was taking all and paying for all -

Don't look at these as "apples to apples" deals (numerically)
Don't expect Citi to offer same if it isn't buying the same -
If a bidding war were to prevail, the carve out piece will distinguish the Citi Bid