Wachovia to price issue of preferred stock Tuesday

By Andrea Heisinger

Omaha, Dec. 17 - Wachovia Corp. announced Monday it will price an issue of non-cumulative preferred stock.

The issue is expected to price Tuesday, an informed source said.

Wachovia Capital Securities LLC is the bookrunner.

Proceeds will be used for general corporate purposes.

The investment bank is based in Charlotte, N.C.

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