Why does SunTrust need Wachoiva so badly? I have to think they feel they MUST have a good chance at winnng this because they have certainly put First Union of Wachovia on the defensive. FU/WB have ammended their merger agreement 3 times since it was announced. Why would a good agreement need to be ammended?
SunTrust could easily find another merger partner and a good one would be SouthTrust.
I dont see Conservative SunTrust spending millions on fees if they dont feel they have a good chance to prevail.
And all this silly talk about SunTrust losing customers as a result of a hostile merger is insane. Wachovia will compliment SunTrust and Wachovia's customer will not defect. They will however defect if First Union prevails. They will defect by the thousands. First Union holds the record for most dissatisfied customers.
Everyone is well aware that you are pro-FU, and like it or not this medium is used to express ones point of view.
I just dont understand how you can be so Anti-STI. What is it about the FU bid that you find worth cheerleading? Please enlighten the rest of us and show us WHY the FU offer is worth you wearing tights.
.....aren't the reasons you gave for STI wanting to buy Wachovia THE SAME REASONS why FUC wants to buy Wachovia?
Cost cuts and leveraging tech/infrastructure spending.
It's all the same old song that banks play to one another.
If STI is unable to do a combination with Wachovia, STI will probably hire YOU to set things straight. This will be your opportunity to really show 'em. Kick their b*tt* for asking you to leave. LMAO.
The fact that the Wachovia Board supports the sale of Wachovia to First Union is meaningless. Wachovia's nonmanagement shareholders will vote what is in their best interests, and that means they ain't voting for a FUC deal.