Add-on Acquisition • Financial Services

Wachovia Acquires A.G. Edwards

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

Acquisition Context
  • 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.

Explore All 3084 Add-on Acquisition Financial Services Deals - Search the Database Free


M&A Deal Summary

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

Target Company

A.G. Edwards

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

Browse All 215,156 Deals

FILTER BY

  • Buyer Type (PE or Strategic)
  • Deal Size ($10M to $10B+)
  • Sector (60 Sectors)
  • Deal Type
  • Geography
  • & More

Search Free

Buyer Overview 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 Context for Buyer #
Overall 6 of 6
Sector: Financial Services 6 of 6
Type: Add-on Acquisition 5 of 5
State: Missouri 1 of 1
Country: United States 6 of 6
Year: 2007 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