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Westcorp Withdraws Proposal to Acquire Outstanding Minority Interest in WFS Financial Inc.

Publication: Business Wire
Publication Date: 26-SEP-02
Format: Online
Delivery: Immediate Online Access

Article Excerpt
Business Editors

IRVINE, Calif.--(BUSINESS WIRE)--Sept. 26, 2002

WFS Financial Inc (Nasdaq:WFSI) today announced that it had received notice from Westcorp (NYSE:WES) that the proposal to acquire the outstanding 16% minority interest of WFS has been withdrawn.

On July 17, 2002, Westcorp had announced a merger proposal, authorized by a...

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