Wachovia sells to Wells Fargo - Not Citigroup
October 3, 2008
NEW YORK (AP) — In an abrupt change, Wachovia said Friday it agreed to be acquired by Wells Fargo & Co. in a $15.1 billion all-stock deal that trumps Citigroup’s plan to acquire Wachovia’s banking operations and avoids government assistance. full story
This story actually might mean much to WPP .. we are unable to locate the agency of record for Wells Fargo.. if it is a WPP company, then perhaps the deal they recently struck and held for 8 hours before they got fired.. might make it.
Edit : DDB is Wells Fargo agency of record, Omnicom owns DDB hence it looks like WPP is out.
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According to AdAge, their agency of record is DDB Worldwide, Los Angeles.
Thank you much….. Omnicom owns DDB… looks like WPP won’t get this business after all…