Wachovia won't see shareholder OK to issue stock (AP)

Friday October 10, 6:57 pm ET Wachovia gets NYSE permission to bypass shareholder approval for preferred stock CHARLOTTE, N.C. (AP) -- Wachovia Corp. said it won't seek shareholder permission to issue preferred shares as part of its acquisition by Wells Fargo & Co. in a move approved by the New York Stock Exchange. The bank, which is being acquired by Wells Fargo for about $11.7 billion, said in a statement Friday that waiting to secure... [read full story]