TD bank to buy Chrysler Fi­nan­cial for $6.3 bil­lion

The Pak Banker - - Company & Boss News -

TORONTO: Toron­toDo­min­ion Bank has agreed to buy Chrysler Fi­nan­cial from pri­vate eq­uity firm Cer­berus Cap­i­tal Man­age­ment for $6.3 bil­lion, the com­pa­nies said on Tues­day.

TD, Canada's No. 2 bank, said the pur­chase is com­prised of net as­sets of $5.9 bil­lion and about $400 mil­lion in good­will. TD said it does not in­tend to is­sue com­mon eq­uity in con­nec­tion with deal. - PB News

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