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  6. Wachovia Acquires A.G. Edwards

M&A Deal Summary

Wachovia Acquires A.G. Edwards

On May 31, 2007, Wachovia acquired financial services company A.G. Edwards for 6.8B USD

Acquisition Highlights
  • This is Wachovia’s 6th transaction in the Financial Services sector.
  • This is Wachovia’s 3rd largest (disclosed) transaction.
  • This is Wachovia’s 6th transaction in the United States.
  • This is Wachovia’s 1st transaction in Missouri.

M&A Deal Summary
Date 2007-05-31
Target A.G. Edwards
Sector Financial Services
Buyer(s) Wachovia
Deal Type Add-on Acquisition
Deal Value 6.8B USD

Target

A.G. Edwards

St. Louis, Missouri, United States
A.G. Edwards, Inc. is a diversified financial services company based in St. Louis, Missouri.

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Buyer(S) 1

Buyer

Wachovia

Charlotte, North Carolina, United States
Category Company
Founded 1908
Sector Financial Services
DESCRIPTION

Wachovia was a diversified financial services company based in Charlotte, North Carolina. Wachovia provided general banking services, wealth management, capital management, and corporate and investment banking services.

DEAL STATS #
Overall 6 of 6
Sector: Financial Services M&A 6 of 6
Type: Add-on Acquisition M&A Deals 5 of 5
State: Missouri M&A 1 of 1
Country: United States M&A 6 of 6
Year: 2007 M&A 1 of 1
Size (of disclosed) 3 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2006-05-08 Golden West Financial

Oakland, California, United States

Golden West Financial Corp. is a savings and loan that operated as World Savings Bank. It had 285 branches in 2006 when it was acquired by Wachovia.

Buy $25.5B
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