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Palmer & Cay Inc & Wachovia Corp,Charlotte,North Carolina	Update Date: 01/23/09
Date Announced: 04/05/05
Value (million $USD): n/a

Status: Completed

TRANSACTION DETAILS
Date Announced	04/05/05
Date Originally Announced	04/05/05
Format	Acq. of Assets	Acquisition techniques	Financial Acquiror
Attitude	Friendly	Agency	n/a
Value	n/a	Advisor Fees	n/a

SYNOPSIS
US - Wachovia Corp, Charlotte, North Carolina, acquired Palmer & Cay Inc, an insurance brokerage and benefits consulting firm. Terms were not disclosed.

TARGET
Name	Palmer & Cay Inc
Industries	Accidental and health insurance; Fire, marine, and casualty insurance; Surety insurance
City	Savannah
State	GA
Nation	United States
Incorporated in	n/a
Public Status	Private
Business Description	Insurance and brokerage company and benefits consulting firm
Advisors	Stephens Inc
Target Sales	n/a

ACQUIROR
Name	Wachovia Corp,Charlotte,North Carolina (WB)
Industries	State banks,member fed reserve; Offices of bank holding companies
City	Charlotte
State	NC
Nation	United States
Incorporated in	NC
Public Status	Public
Business Description	Wachovia Corp, located in Charlotte, North Carolina, is a commercial and retail bank; provide trust services delivered through multiple reatil and commercial distribution channels conducted in 15 states (Alabama, Connecticut, Delaware, Florida, Georgia, Maryland, Mississippi, New Jersey, New York, North Carolina, Pennsylvania, South Carolina, Tennessee, Texas, Virginia) and Washington D.C. through its Wachovia Bank, NA subsidiary, except in Delaware, which operations are conducted by Wachovia Bank of Delaware, NA.
Advisors	Wachovia Securities Inc
Acquiror Sales	29.73 billion U.S. Dollar

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