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Wachovia-Edwards deal seen as a balancing act

The merger of Wachovia Securities and A.G. Edwards, scheduled to close today, will be the biggest retail-securities transaction…

The merger of Wachovia Securities and A.G. Edwards, scheduled to close today, will be the biggest retail-securities transaction since July 2000, when Swiss banking giant UBS AG acquired New York-based Paine Webber Group Inc. for $10.7 billion.

Charlotte, N.C.-based Wachovia Corp.'s deal for the

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