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« Gates and Jobs Joint Appearance | Main | The Buy List So Far » May 31, 2007 Wachovia to buy A.G. EdwardsFresh from buying Golden West Financial, Wachovia (WB) is now buying A.G. Edwards (AGE) for $6.8 billion in cash and stock. This will create the second-largest U.S. retail brokerage. In September 1974, you could have picked up shares of AGE for less than nine cents a share--after factoring many, many stock splits. The stock is currently trading around $87. That's a gain of nearly 100,000%. Not bad.
Posted by edelfenbein at May 31, 2007 11:52 AM |
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