wachy Boy

Citi in Talks With Wachovia as $700B Bailout Plan Moves Forward

soothu,
yes it can if the fed force wb to accept a deal with citi. the sharholder will be left with nothing. bond holders and preferred stock holders have priority over common stocks. i bought some put option to protect against such a move. hope you did too.

Citi in Talks With Wachovia as $700B Bailout Plan Moves Forward

sinbad,
i would say 15 is the right number, though based on book value, we can see citi buy WB for 1 share of Cit fpr each share of Wb. Good luck if you some. i averaged 500 at 12.5.

Citi in Talks With Wachovia as $700B Bailout Plan Moves Forward

WB is saved. We are going to $15, before Citi buys WB in one-2-one shares deal! any news on the NY Times report that equity will be bought at few dollars? what is few dollars...10, 15, 20!