Alert: C Down 36% before market open
Shares of Citigroup has down 36% at 9:15am EST due to the news of government boosting its stack by converting preferred shares to common shares. S&P futures down 2.1%. Be ready for a rough day ahead!
Tag «common shares»
Wachovia and Wells Fargo Merger – A short study on the market efficiency and no arbitrage theory
In front of me is a copy of the shareholder’s prospectus on the Wachovia and Wells Fargo merger. Put all the excitement aside (since this is the first time I am voting as a shareholder for a legal entity, although practically I do not hold any stock of Wachovia Corp as this point although I …