NEW YORK (Reuters) - Shares of Citigroup fell 8 percent to $20.69 in pre-market trade after a merger deal was announced between Wachovia Corp and Wells Fargo & Co.
The planned Wachovia-Wells Fargo tie up would scupper a previously announced deal in which Citigroup was to buy parts of Wachovia. Wachovia said on Friday that Citigroup was no longer involved.
(Editing by Theodore d'Afflisio)
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