Rumours are spreading around the web that Toronto-Dominion Bank could scoop up Chrysler Financial. The latter is still owned by Cerberus Capital Management LP, one of the world’s leading private investment firms.
Bloomberg reports that Chrysler Financial currently consists of old car and truck loans, but their platform could be useful to start an auto-lending business. The deal could be worth between $US 6 billion to $US 7 billion.
ING Group, Wells Fargo and PNC Financial Services Group are also said to be in the race for the purchase of Chrysler Financial. A deal could happen within the next week.
Cerberus acquired Chrysler Financial back in 2007 when it purchased Chrysler LLC.
Source: Bloomberg
Bloomberg reports that Chrysler Financial currently consists of old car and truck loans, but their platform could be useful to start an auto-lending business. The deal could be worth between $US 6 billion to $US 7 billion.
ING Group, Wells Fargo and PNC Financial Services Group are also said to be in the race for the purchase of Chrysler Financial. A deal could happen within the next week.
Cerberus acquired Chrysler Financial back in 2007 when it purchased Chrysler LLC.
Source: Bloomberg