A.G. Edwards, Inc. ( Investment Broker ) - To be acquired by Wachovia Corp.

Beautifully engraved certificate from the A.G. Edwards, Inc. This historic document was printed by the Security - Columbian United States Banknote Company and has an ornate border around it with a vignette of an allegorical man with the United States in the backgound. This item has the printed signatures of the Company's Chairman and Chief Executive Officer and Secretary.




Certificate Vignette



A.G. Edwards, Inc. is a financial services holding company whose primary subsidiary is the national investment firm of A.G. Edwards & Sons, Inc. For more than 116 years, individuals and businesses have turned to A.G. Edwards & Sons to develop strong personal relationships with financial consultants dedicated to a client-first philosophy of providing financial solutions tailored to their clients' individual needs. A.G. Edwards and its affiliates encompass 7,222 financial consultants in 709 offices nationwide and in London, England.

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May 31, 2007 - Wachovia Corp. said it would acquire A.G. Edwards Inc. for $6.8 billion in cash and stock in a deal to form one of the largest retail stock brokerages in the United States.

Wachovia said A.G. Edwards shareholders would get 0.9844 Wachovia shares and $35.80 in cash for each A.G. Edwards share held. That offer values A.G. Edwards at $89.50 per share based on Wednesday's closing prices, a 16 percent premium.

The combined entity will have more than 3,300 brokerage locations nationwide, more than $1.1 trillion in client assets and nearly 15,000 financial advisers.

The deal is expected to close in the fourth quarter of 2007, with full integration by early 2009.

Wachovia said Daniel J. Ludeman, currently president and chief executive of its Wachovia Securities unit, will keep those roles at the combined brokerage unit. A.G. Edwards Chairman and CEO Robert Bagby will be chairman of the brokerage.