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Dec 04,  · says it plans to sell its 38% stake in the Wachovia Securities brokerage to Wells Fargo Prudential and Wachovia a " put option," or. Prudential to Sell Wachovia Stake to Wells for $ Prudential has the option to put its interests to Wachovia based on the appraised value of the joint. May 31,  · Pru Ponders Wachovia Investment Options. over Prudential 's old Prudential Securities business. Wachovia put the option " to decide.