Discussion Skills: Pitch
My pitch is to evaluate the dealings and talks between the combine of Wells Fargo & Company and Wachovia Company. Wachovia Organization had been in talks with Citigroup regarding the merging with the two firms around the end of September in 08. By September 28, 08, Wells Fargo had indicated an interest in obtaining the Wachovia Corporation through October a few, 2008, announced that they were gonna go through with all the merge. " Wells Fargo had stated interest in obtaining Wachovia, although suddenly withdrew from talks to buy the company, citing concerns over some of the bank's financial loan portfolio. вЂќ This was a problem that Water wells Fargo & Company necessary to evaluate in all factors. The loan portfolio for a traditional bank is a huge component to what the traditional bank has to offer and what they did for themselves and evaluating the concerns is definitely a important thing to do. Had Wells Fargo & Company strolled in to this kind of blindly, that they could have ended up being in the same situation that brought them to Wachovia Company in the first place. Mergers happen on a regular basis, and the brunts of this is completed through bank and financing companies. The most important part of this kind of negotiation was that it all happened so quickly. Whether it was a benefit in conceal for Wachovia Corporation to find out that there was two significant companies (Wells Fargo & Company and Citigroup) that both had a large involvement in purchasing their particular banking business. I would like to assess the talks made by Water wells Fargo & Company and whether or not they built the correct approach. Were these people were able to accomplish what they desired and had to accomplish from this merge?