A.G. Edwards shareholders to vote Sept. 28 on Wachovia merger

By Lisa Kerner

Charlotte, N.C., Aug. 29 - A.G. Edwards, Inc. will hold a special meeting of stockholders on Sept. 28, the company announced on Wednesday.

Shareholders of record as of Aug. 13 will be asked to consider and vote on:

• The May 30 agreement and plan of merger with Wachovia Corp. and its affiliate; and

• The adjournment of the special meeting if necessary to solicit additional proxies.

Wachovia agreed to acquire A.G. Edwards and combine the company with Wachovia Securities, LLC to create a St. Louis-based retail brokerage firm with $1.1 trillion in client assets and nearly 15,000 financial advisers, it was previously reported.

A.G. Edwards' shareholders will receive 0.9844 of a share of Wachovia common stock and $35.80 in cash, for a total value of about $89.50 per A.G. Edwards share. The agreement includes a $270 million break-up fee payable to Wachovia.

Wachovia is a diversified financial services company based in Charlotte, N.C.

A.G. Edwards is a financial services holding company located in St. Louis.

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