News27/05/2021
TD discloses approximate Canadian-dollar consideration for Wells Fargo equipment-finance business
Wells Fargo →TD’s second-quarter 2021 results disclosed approximately CAD 1.5 billion consideration for the Wells Fargo Canadian Direct Equipment Finance business acquired May 1. The acquired business had approximately CAD 1.4 billion net book value. These are separate approximate measures. The report specifies Canadian dollars unless otherwise indicated; no USD conversion or exact purchase-price amount is inferred.