Under the $34 billion merger deal announced Monday, Norwest Corp. would acquire not only the Wells Fargo & Co. name and operations but also a famous shareholder, Warren E. Buffett.

Mr. Buffett, who holds a 7.87% stake in Wells, is expected to wind up with a little less than 4% of the merged company. And market experts said the legendary investor is likely to stick with the company.

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