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  • August 2002 (Revised June 2003)
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New Wachovia (A), The

By: Carliss Y. Baldwin and Jeremy Swinson
  • Format:Print
  • | Pages:26
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Abstract

In April 2001, First Union Corp. announced an agreement to merge with Wachovia Corp., a fellow North Carolina-based commercial bank. While the banks were preparing to consummate the merger, SunTrust Banks, Inc. of Atlanta, made a hostile offer for Wachovia, setting in motion an intense proxy fight with a forum encompassing the media, the courts, the investor community, and Wall Street. In July 2002, Kenneth Thompson, CEO of First Union, was considering First Union's next move knowing that Wachovia shareholders would convene on August 3 to decide the fate of the proposed transaction.

Keywords

Voting; Mergers and Acquisitions; Conflict and Resolution; Banks and Banking; Banking Industry; Atlanta; North Carolina

Citation

Baldwin, Carliss Y., and Jeremy Swinson. "New Wachovia (A), The." Harvard Business School Case 903-033, August 2002. (Revised June 2003.)
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About The Author

Carliss Y. Baldwin

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Related Work

    • August 2002 (Revised May 2003)
    • Faculty Research

    New Wachovia (B), The

    By: Carliss Y. Baldwin and Jeremy Swinson
Related Work
  • New Wachovia (B), The By: Carliss Y. Baldwin and Jeremy Swinson
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