Prudential (PRU +9.5%) says at its annual investor day (webcast) it will sell its $5B minority...

|About: Prudential Financial, Inc. (PRU)|By:, SA News Editor

Prudential (PRU +9.5%) says at its annual investor day (webcast) it will sell its $5B minority stake in Wachovia's (WB +3.7%) brokerage unit to Wells Fargo (WFC +3.1%), which is buying WB, netting a $1.7B gain. PRU also notes the Treasury hasn't yet responded to its request for TARP funds.