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First Union shareholders approve Wachovia merger
First Union Corp shareholders give overwhelming approval to a 14.5 billion merger with Wachovia Corp creating the nation’s fourth-largest bank. The vote covered most stock at the Adam’s Mark Hotel with Wachovia executives applauded by Ken Thompson. SunTrust counters with a competing 15.4 billion proposal still pending for Wachovia holders.
MENTIONED IN THIS ARTICLE
First Union
Wachovia
Charlotte
N.C
First Union Corp
Wachovia Corp
Adam's Mark
Winston-Salem Bank
L.M. “Bud” Baker Jr
Ken Thompson
SunTrust
Baker
North Carolina
Thompson
Cial
Thomson Financial
First Call
Atlanta
First Union-Wachovia
North Carolina Business Court
Ben Tennille
New York Stock Exchange
Sun- Trust