A New York judge issued an emergency injunction that extended Citi's exclusivity agreement with Wachovia over Wachovia's objection. The markets don't need this kind of confusion right now. Just get 'er done - Citi or Wells Fargo doesn't much matter at this point.
Follow-up (10/6):
Wells Fargo appeared to have the upper hand in its battle with Citigroup for the chance to take over Wachovia thanks to two court rulings in its favor. A New York appellate court overturned an earlier decision to block Wells Fargo's acquisition of Wachovia. In a separate ruling a North Carolina court issued a temporary restraining order preventing Citi from enforcing the claimed exclusivity agreement.
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