WELLS FARGO & COMPANY/MN | 2013 | FY | 3


Note 2: Business Combinations       

 

We regularly explore opportunities to acquire financial services companies and businesses. Generally, we do not make a public announcement about an acquisition opportunity until a definitive agreement has been signed. For information on additional contingent consideration related to acquisitions, which is considered to be a guarantee, see Note 14.

We did not complete any acquisitions of businesses during 2013. Business combinations completed in 2012 and 2011 are presented below. Additionally, we had no pending business combinations as of December 31, 2013.

           
(in millions) Date  Assets
2012     
EverKey Global Partners Limited / EverKey Global Management LLC /     
 EverKey Global Partners (GP), LLC / EverKey Global Focus (GP), LLC – Bahamas/New York, New YorkJanuary 1 $ 7
Burdale Financial Holdings Limited / Certain Assets of Burdale Capital Finance, Inc. – England/Stamford, ConnecticutFebruary 1   874
Energy Lending Business of BNP Paribas, SA – Houston, TexasApril 20   3,639
Merlin Securities, LLC / Merlin Canada LTD. / Certain Assets and Liabilities    
 of Merlin Group Holdings, LLC – San Francisco, California/Toronto, OntarioAugust 1   281
         $ 4,801
2011     
CP Equity, LLC – Denver, ColoradoJuly 1 $ 389
Certain assets of Foreign Currency Exchange Corp – Orlando, FloridaAugust 1   46
LaCrosse Holdings, LLC – Minneapolis, MinnesotaNovember 30   116
Other (1)Various   37
         $ 588
           

 


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