Appeals court strikes down Wachovia-Well Fargo merger injunction
A US appeals court has struck down an earlier injunction order on a proposed merger between banks Wells Fargo & Co and Wachovia, Wells Fargo announced in a statement late on Sunday.
By Agencies |
WASHINGTON: A US appeals court has struck down an earlier injunction order on a proposed merger between banks Wells Fargo & Co and Wachovia, Wells Fargo announced in a statement late on Sunday.
"The appellate court has entered an order vacating Judge Ramos's order of yesterday. We are pleased that the unfounded order entered yesterday has been vacated," the statement said.
"Wells Fargo will continue working toward the completion of its firm, binding merger agreement with Wachovia Corporation."
"The appellate court has entered an order vacating Judge Ramos's order of yesterday. We are pleased that the unfounded order entered yesterday has been vacated," the statement said.
"Wells Fargo will continue working toward the completion of its firm, binding merger agreement with Wachovia Corporation."
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