Wachovia to buy A.G. Edwards in $6.8 billion deal

CHAMPAIGN – It will be at least October before Wachovia Securities signs go up at A.G. Edwards offices across the nation, a Wachovia Securities spokesman said Monday.

Under an agreement announced Thursday, Wachovia Corp. plans to acquire A.G. Edwards for $6.8 billion and combine it with Wachovia Securities to form the nation's second-largest retail brokerage firm. Only Merrill Lynch & Co. would be bigger, in terms of financial advisers.

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