Prudential To Sell Wachovia Securities Stake

Prudential Financial Inc. (NYSE: PRU) will sell its stake in Wachovia Securities to Wells Fargo & Co. (NYSE: WFC) and has applied to participate in the government's capital purchase program. Shares of Prudential leaped $7.35 to close at $28.52 while Wells Fargo stock climbed $2.39 to close at $29.94.

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