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The battle over Wachovia(WB Quote) is getting hotter.
A New York judge has temporarily blocked Wells Fargo's(WFC Quote) planned purchase of the Charlotte, N.C.-based bank.
Justice Charles Ramos of New York State's Supreme Court Saturday granted emergency injunctive relief extending an exclusivity agreement between Wachovia and Citigroup(C Quote), according to a press release from Citigroup.
On Monday, Citi announced it would acquire Wachovia's banking operations for $2.16 billion. Citi's deal needed the help of the Federal Deposit Insurance Corp., which had agreed to assume most of the risk of Wachovia's loan portfolio. ...
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