A.G. Edwards acquired by Wachovia
Wachovia this morning agreed to pay a 16% premium for A.G. Edwards in a $6.8 billion deal.
Wachovia Corp. this morning agreed to pay a 16% premium for A.G. Edwards Inc. in a cash and stock deal valued at approximately $6.8 billion.
The deal creates second largest retail brokerage behind Merrill Lynch, with $8.4 billion in net revenues and $1.2 trillion in client assets.
Merrill has $11
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