Newspaper wrap-up: Wachovia to announce capital infusion as soon as Monday
Posted Apr 14th 2008 9:10AM by Laurie Pasternack
Filed under: Newspapers, Magazines, Citigroup Inc. (C), Merrill Lynch (MER), Wachovia Corp (WB)
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MAJOR PAPERS:
- Wachovia Corporation (NYSE: WB) could announce a capital infusion of several billion dollars from outside investors as early as Monday, people familiar with the matter said. While final terms of the deal are still being worked on, the Wall Street Journal reported that the bank is expected to receive between $6B-$7B, in return the investor group would receive shares priced at roughly $23-$24 per share.
- According to people familiar with the matter, the Wall Street Journal reported that Deutsche Bank AG (NYSE: DB) is seeking to sell as much as $20B in debt to a 'collection of investors,' which include private-equity firms.
OTHER PAPERS:
Tags: C, capital infusion, CapitalInfusion, citigroup, citigroup inc. c, CitigroupInc.C, DB, deutsche bank, deutsche bank ag, DeutscheBank, DeutscheBankAg, LCAPA, Liberty Global, LibertyGlobal, MER, merrill lynch mer, MerrillLynchMer, virgin media, VirginMedia, VMED, wachovia, wachovia bank, wachoviabank, WB
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Reader Comments (Page 1 of 1)
4-14-2008 @ 10:20AM
B. Harrison said...
Why is it that so many of the comments are simply never posted? Where are the posted comments from earlier this morning?
4-14-2008 @ 11:30AM
Mike said...
New shares to be issued by Wachovia will DILUTE current shares to a price in the 23-24 range. So WHY are people buying shares at 25-26?????????