Oct 13 (Reuters) - Wells Fargo (N:WFC) & Co WFC.N :
* To acquire GE capital's commercial distribution finance and vendor finance
businesses
* Other terms of the transaction were not disclosed.
* Says the transaction is expected to close in the first quarter of 2016
* Says acquisition also includes a portion of corporate finance business
* Acquisition includes total assets of approximately $32 billion as well as
businesses employing approximately 3,000 team members
* Loan and lease portfolios are roughly 90 percent U.S.- and Canada-based
* Says Wells Fargo securities served as financial advisor and mayer brown
served as legal advisor
* Acquisition also includes a portion of corporate finance business
* Says ge's capital's vendor finance business will expand co's current
capabilities within its equipment finance business
* Source text for Eikon ID:nBw5rMGnfa
* Further company coverage WFC.N