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TD Bank buys Chrysler unit: Canadian lender snags auto-lending arm in a play for the U.S. market
- Source :
- Wall Street Journal. Europe. Dec 22, 2010, A22
- Publication Year :
- 2010
-
Abstract
- In a push into the US auto-lending market, Toronto-Dominion Bank will buy Chrysler Financial Corp. from Cerberus Capital Management L.P. for $6.3 billion. With the exception of liabilities, Chrysler Financial's portfolio is valued at about $5.9 billion.
- Subjects :
- Toronto Dominion Bank -- Foreign operations
Toronto Dominion Bank -- Mergers, acquisitions and divestments
Toronto Dominion Bank -- Planning
Chrysler Financial Company L.L.C. -- Mergers, acquisitions and divestments
Cerberus Capital Management L.P. -- Mergers, acquisitions and divestments
Banking industry
Banking industry
Company acquisition/merger
Company business planning
Banking, finance and accounting industries
Business
Business, international
Subjects
Details
- Language :
- English
- ISSN :
- 09219986
- Database :
- Gale General OneFile
- Journal :
- Wall Street Journal. Europe
- Publication Type :
- News
- Accession number :
- edsgcl.245747348