TD bank to buy Chrysler Financial for $6.3 billion
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