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Did Citi Question Its Wachovia Deal

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by Jeffrey Cane
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Oct 03 2008 12:45pm EDT

Did Citi Question its Wachovia Deal?

As late as 9:45 a.m. today, before Citigroup released its understandably terse response to Wells Fargo's acquisition of Wachovia, the main press page on Citigroup's web site featured Monday's press release announcing its intent to buy Wachovia.

But notice something funny in the first sentence:

03-citi-large.jpg

Errant html code created a question mark in an opportune place. Was it an agreement?in-principle to acquire Wachovia? Was there doubt all along that this "agreement?" would ever be finalized? How did Citigroup's web editors not catch the glitch for five whole days? Did they know something we didn't?

Lots of questions. Surely the lawyers will be all over this one.

by Megan Barnett

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