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American Express to be acquired by Wells Fargo?

As per Fox Business News, the credit card company is likely to be acquired by Wells Fargo or another financial firm.

With the news of Wells Fargo & Co potentially acquiring American Express Co leaking out, its shares rose by a little more than 1%.
Fox Business News has reported that the credit-card company could be either acquired by the banking giant Wells Fargo or by another financial company.
Shares of American Express rose by 1.2% to $59, after briefly touching its session high of $59.48.
A spokesman for Wells Fargo has labelled the report as untrue.
A spokeswoman for American Express has responded to requests for comments saying the company does not comment on speculations and rumours.

Debashish Mukherjee

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