Citigroup, Wells Fargo will cease litigation until Friday

Citigroup and Wells Fargo have agreed to extend their legal cease-fire — which expired at noon today — until Friday so they can continue to explore options for the future of Wachovia. Citigroup had agreed to buy Wachovia last Monday for $2.1 billion, but Wells Fargo announced at the end of the week that it had reached an agreement to buy Wachovia for $15.1 billion.
 

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