Citigroup to Buy Wachovia Banking Operations for a Share - Mergers, Acquisitions, Venture Capital, Hedge Funds -- DealBook - New York Times

Citigroup to Buy Wachovia Banking Operations for a Share - Mergers, Acquisitions, Venture Capital, Hedge Funds -- DealBook - New York Times: "Citigrouphas agreed to buy Wachovia’s banking operations for $1 a share, a move that that would concentrate power within the nation’s banking industry in the hands of a few giant lenders, The New York Times’s Eric Dash and Andrew Ross Sorkin reported Monday morning."