Citigroup says wins injunction to block Wachovia-Wells Fargo merger

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At www.afp.com

- US banking giant Citigroup said it had obtained a court injunction to freeze a proposed merger between rivals Wachovia and Wells Fargo. 'Citi tonight was granted emergency injunctive relief extending the exclusivity agreement between Citi and Wachovia Corp. until further order of the court,' Citi said in a statement late Saturday.

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At www.afp.com


 

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