Tri-City Voice Newspaper - What's Happening - Fremont, Hayward, Milpitas, Newark, Sunol and Union City, California

 

December 10, 2008 > Judge says Wachovia didn't fix sale vote

Judge says Wachovia didn't fix sale vote

Submitted By AP Wire Service

NEW YORK (AP), Dec 06 _ In a ruling Friday, a judge denied a shareholder claim that Wachovia Corp. fixed an upcoming shareholder vote by granting more than 40 percent voting rights in preferred shares to Wells Fargo & Co., which is trying to acquire the Charlotte-based bank, The Wall Street Journal reported Saturday.

Charlotte, N.C., Judge Judge Albert Diaz said Wells Fargo still has not secured an absolute majority of votes required, and shareholders owning nearly 60 percent can still vote for or against the combination, the newspaper said in a report published on its Web site. The vote is scheduled for Dec. 23.

Home        Protective Services Classifieds   Community Resources   Archived Issues  
About Us   Advertising   Comments   Subscribe   TCV Store   Contact

Tri Cities Voice What's Happening - click to return to home page

Copyright © 2014 Tri-City Voice