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Closing Case:Two Financial Giants MergeThe ProblemOn December 31, 2008, two giant financial institutions announced a merger, as Wells Fargo (www.wellsfargo.com) completed its $15 billion acquisition of Wachovia (www.wachovia.com). The combined company became the second-largest bank in the United States, with 2008 sales of @1.3 trillion, 300,000 employees, 10,400 branch and office locations, and 12,300 ATMs in North America. For the merger to be successful, the two companies had to merge their people and technology as well as their financial assets.
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