Announced
Financials
Tags
Pending
Acquisition
Majority
Diversified Financials
United States
Cross Border
Single Bidder
Private
agency debt securities
Friendly
Synopsis
Computershare, an Australian stock transfer company, agreed to acquire Corporate Trust Services business of Wells Fargo, an American multinational financial services company, for $750m. “This transaction is consistent with Wells Fargo’s strategy of focusing on businesses that are core to our consumer and corporate clients. Additionally, we believe that Computershare’s similar approach to service and their emphasis on innovative product development will be valuable to our clients and Corporate Trust Services colleagues in the future,” David Marks, Wells Fargo Head of Commercial Capital.
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