A major deal in the financial services sector is proving to be a boon to mutual funds that hold regional brokerages.Wachovia's (WB) announcement Thursday that it plans to buy A.G. Edwards (AGE) in a $6.8 billion cash-and-stock deal, creating the second-largest U.S. brokerage firm after Merrill Lynch (MER) sent the St. Louis firm's stock up 14.3% to $88.16.
AG Edwards Deal Boosts These Funds
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