Wells Fargo 2013 Annual Report Download - page 155

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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 York January 1 $ 7
Burdale Financial Holdings Limited / Certain Assets of Burdale Capital Finance, Inc. – England/Stamford, Connecticut February 1 874
Energy Lending Business of BNP Paribas, SA – Houston, Texas April 20 3,639
Merlin Securities, LLC / Merlin Canada LTD. / Certain Assets and Liabilities
of Merlin Group Holdings, LLC – San Francisco, California/Toronto, Ontario August 1 281
2011
$ 4,801
CP Equity, LLC – Denver, Colorado July 1 $ 389
Certain assets of Foreign Currency Exchange Corp – Orlando, Florida August 1 46
LaCrosse Holdings, LLC – Minneapolis, Minnesota November 30 116
Other (1) Various 37
$ 588
(1) Consists of seven acquisitions of insurance brokerage businesses.
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