Morgan Lewis Helps Wells Fargo Nail Merlin Securities Buy

Law360, New York (April 27, 2012, 4:17 PM EDT) -- The investment banking arm of Wells Fargo & Co. plans to absorb brokerage services provider Merlin Securities LLC, it announced Friday, saying the acquisition will add an array of securities trading and reporting tools to its offerings.

Wells Fargo Securities LLC did not disclose the deal's terms. The companies expect to cinch up the sale sometime during the third quarter of this year, subject to regulatory approval.

In the transaction, Merlin's 100 employees will switch over to Wells Fargo Securities and continue to develop prime brokerage...
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