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The U.S. Department of the Treasury announced this week that it expects to sell 410,000 shares of Ally Financial Inc. common stock in a private offering at $7,375 per share. The sale is part of the department’s continued effort to wind down the Troubled Asset Relief Program.
Read More →With its recent payment, the auto finance source has now returned more than 70 percent of the government’s $17.2 billion investment.
Read More →Tesla Motors is offering common stock and convertible senior notes to repay a loan received from the Department of Energy. The offerings are being led by CEO Elon Musk.
Read More →First Investors Financial Services Group and FIFS Holdings entered into a merger agreement, which has FIFS Holdings acquiring the group’s common stock in an all-cash transaction valued at $100 million.
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