You are browsing the archives of 5 billion problem.

 
Wachovia (WB) may be forced to buy Prudential out of its stake in a retail brokerage joint venture, the NY Post says. The deal, struck in 2003, gives Prudential the option to force Wachovia, which is already strapped for cash, to buy it out of its share of the venture. New York Post:
Under the terms [...]