{"id":4439,"date":"2007-05-31T10:45:23","date_gmt":"2007-05-31T10:45:23","guid":{"rendered":"https:\/\/www.stockbrokerfraudblog.com\/2007\/05\/wachovia_brokerage_buying_ag_e"},"modified":"2007-05-31T10:45:23","modified_gmt":"2007-05-31T10:45:23","slug":"wachovia-brokerage-buying-ag-e","status":"publish","type":"post","link":"https:\/\/www.investorlawyers.com\/blog\/wachovia-brokerage-buying-ag-e\/","title":{"rendered":"Wachovia Brokerage Buying A.G. Edwards to Become Second Only to Merrill Lynch"},"content":{"rendered":"

\t\t\t\tWachovia Corporation agreed to acquire A.G. Edwards Corporation for $6.8 billion in stock. This will vault the company into the second-largest U.S. retail brokerage, behind only Merrill Lynch, with $1.1 trillion in client assets.<\/p>\n

This transaction is the largest of the recent takeovers of regional brokerage firms, which are having difficulty fending off hiring of their representatives. Falling commissions in the industry have caused disruptions in sales staff.<\/p>\n

For years there has been speculation over whether A.G. Edwards, a mostly employee-owned firm, could maintain its independence and raises new speculation about other large regional brokerages like Raymond James.<\/p>\n

Continue Reading \u203a<\/a><\/div>\n","protected":false},"excerpt":{"rendered":"

Wachovia Corporation agreed to acquire A.G. Edwards Corporation for $6.8 billion in stock. This will vault the company into the second-largest U.S. retail brokerage, behind only Merrill Lynch, with $1.1 trillion in client assets. This transaction is the largest of the recent takeovers of regional brokerage firms, which are having difficulty fending off hiring of […]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"footnotes":""},"categories":[3827,3774,3821],"tags":[],"class_list":["post-4439","post","type-post","status-publish","format-standard","hentry","category-a-g-edwards","category-broker-dealers","category-wachovia"],"yoast_head":"\nWachovia Brokerage Buying A.G. Edwards to Become Second Only to Merrill Lynch — Investor Lawyers Blog — May 31, 2007<\/title>\n<meta name=\"description\" content=\"Wachovia Corporation has agreed to acquire A.G. Edwards Corporation for $6.8 billion in stock turning them into the second-largest U.S. retail brokerage\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.investorlawyers.com\/blog\/wachovia-brokerage-buying-ag-e\/\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:title\" content=\"Wachovia Brokerage Buying A.G. Edwards to Become Second Only to Merrill Lynch — Investor Lawyers Blog — May 31, 2007\" \/>\n<meta name=\"twitter:description\" content=\"Wachovia Corporation has agreed to acquire A.G. Edwards Corporation for $6.8 billion in stock turning them into the second-largest U.S. retail brokerage\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Shepherd Smith Edwards & Kantas, LLP\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Wachovia Brokerage Buying A.G. Edwards to Become Second Only to Merrill Lynch — Investor Lawyers Blog — May 31, 2007","description":"Wachovia Corporation has agreed to acquire A.G. Edwards Corporation for $6.8 billion in stock turning them into the second-largest U.S. retail brokerage","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.investorlawyers.com\/blog\/wachovia-brokerage-buying-ag-e\/","twitter_card":"summary_large_image","twitter_title":"Wachovia Brokerage Buying A.G. Edwards to Become Second Only to Merrill Lynch — Investor Lawyers Blog — May 31, 2007","twitter_description":"Wachovia Corporation has agreed to acquire A.G. Edwards Corporation for $6.8 billion in stock turning them into the second-largest U.S. retail brokerage","twitter_misc":{"Written by":"Shepherd Smith Edwards & Kantas, LLP","Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.investorlawyers.com\/blog\/wachovia-brokerage-buying-ag-e\/#article","isPartOf":{"@id":"https:\/\/www.investorlawyers.com\/blog\/wachovia-brokerage-buying-ag-e\/"},"author":{"name":"Shepherd Smith Edwards & Kantas, LLP","@id":"https:\/\/www.investorlawyers.com\/blog\/#\/schema\/person\/e0240e0754684b69f7d6a7de1b9f1431"},"headline":"Wachovia Brokerage Buying A.G. Edwards to Become Second Only to Merrill Lynch","datePublished":"2007-05-31T10:45:23+00:00","mainEntityOfPage":{"@id":"https:\/\/www.investorlawyers.com\/blog\/wachovia-brokerage-buying-ag-e\/"},"wordCount":417,"articleSection":["A G Edwards","Broker-Dealers","Wachovia"],"inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/www.investorlawyers.com\/blog\/wachovia-brokerage-buying-ag-e\/","url":"https:\/\/www.investorlawyers.com\/blog\/wachovia-brokerage-buying-ag-e\/","name":"Wachovia Brokerage Buying A.G. Edwards to Become Second Only to Merrill Lynch — Investor Lawyers Blog — May 31, 2007","isPartOf":{"@id":"https:\/\/www.investorlawyers.com\/blog\/#website"},"datePublished":"2007-05-31T10:45:23+00:00","author":{"@id":"https:\/\/www.investorlawyers.com\/blog\/#\/schema\/person\/e0240e0754684b69f7d6a7de1b9f1431"},"description":"Wachovia Corporation has agreed to acquire A.G. Edwards Corporation for $6.8 billion in stock turning them into the second-largest U.S. retail brokerage","breadcrumb":{"@id":"https:\/\/www.investorlawyers.com\/blog\/wachovia-brokerage-buying-ag-e\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.investorlawyers.com\/blog\/wachovia-brokerage-buying-ag-e\/"]}]},{"@type":"BreadcrumbList","@id":"https:\/\/www.investorlawyers.com\/blog\/wachovia-brokerage-buying-ag-e\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.investorlawyers.com\/blog\/"},{"@type":"ListItem","position":2,"name":"Wachovia Brokerage Buying A.G. Edwards to Become Second Only to Merrill Lynch"}]},{"@type":"WebSite","@id":"https:\/\/www.investorlawyers.com\/blog\/#website","url":"https:\/\/www.investorlawyers.com\/blog\/","name":"Investor Lawyers Blog","description":"Published By Investment Fraud Attorneys \u2014 Shepherd Smith Edwards & Kantas, LLP","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.investorlawyers.com\/blog\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/www.investorlawyers.com\/blog\/#\/schema\/person\/e0240e0754684b69f7d6a7de1b9f1431","name":"Shepherd Smith Edwards & Kantas, LLP","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/secure.gravatar.com\/avatar\/c7f8f04990816cd4044977eb59908da8c8d1ae487cc919cebd7027b74a0740a3?s=96&d=mm&r=g","url":"https:\/\/secure.gravatar.com\/avatar\/c7f8f04990816cd4044977eb59908da8c8d1ae487cc919cebd7027b74a0740a3?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/c7f8f04990816cd4044977eb59908da8c8d1ae487cc919cebd7027b74a0740a3?s=96&d=mm&r=g","caption":"Shepherd Smith Edwards & Kantas, LLP"},"sameAs":["https:\/\/www.investorlawyers.com\/"]}]}},"jetpack_featured_media_url":"","jetpack_shortlink":"https:\/\/wp.me\/pedX9K-19B","_links":{"self":[{"href":"https:\/\/www.investorlawyers.com\/blog\/wp-json\/wp\/v2\/posts\/4439","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.investorlawyers.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.investorlawyers.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.investorlawyers.com\/blog\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.investorlawyers.com\/blog\/wp-json\/wp\/v2\/comments?post=4439"}],"version-history":[{"count":0,"href":"https:\/\/www.investorlawyers.com\/blog\/wp-json\/wp\/v2\/posts\/4439\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.investorlawyers.com\/blog\/wp-json\/wp\/v2\/media?parent=4439"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investorlawyers.com\/blog\/wp-json\/wp\/v2\/categories?post=4439"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investorlawyers.com\/blog\/wp-json\/wp\/v2\/tags?post=4439"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}