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05/31/2007

Wachovia Buys AG Edwards

I should have bought me some AG Edwards stock last year.

Wachovia Corp. said Thursday it would acquire A.G. Edwards Inc. for $6.8 billion in cash and stock in a deal to form one of the largest retail stock brokerages in the United States.

Wachovia said A.G. Edwards shareholders would get 0.9844 Wachovia shares and $35.80 in cash for each A.G. Edwards share held. That offer values A.G. Edwards at $89.50 per share based on Wednesday's closing prices, a 16 percent premium.

One day, we'll miss AG Edwards like we miss Boatmen's.  They were good names, back in the day.  I wonder if we should buy some land in Charlotte?  Hey - I own a Charlotte domain!   

Posted by on 05/31/2007 at 12:37 PM in Missouri Business |

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About 24thState

  • 24th State is named for Missouri, the nation's political bellwether which has the honor of being the 24th state admitted to the union.

    From Springfield to Kirksville, from Kansas City to St Louis, we cover the state's news, views, politics, rumors, and elections.

    The site is a group blog, run by average citizens from across Missouri with a desire to get involved in the political process. The Editorial Board is a mix of Tea Party members writing collectively.

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