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Citigroup Says ‘No More’ to Wachovia Talks 

Oct 09, 2008By

After agreeing to play nice in the battle for Wachovia Corp. [stock WB][/stock], Citigroup Inc. [stock C][/stock] called off its efforts Thursday evening to split Wachovia with rival suitor Wells Fargo & Co. [stock WFC][/stock] “The dramatic differences in the parties’ transaction structures and their views of the risks involved made it impossible to reach a mutually acceptable agreement,” Citi said in a statement released Thursday.

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