Share 'Ally plans $5.9 billion buyback to help lender exit U.S. bailout - Very Ugle Controversy with the Union and Canada What are your thoughts?'
Ally plans $5.9 billion buyback to help lender exit U.S. bailout
DETROIT (Bloomberg) -- Ally Financial Inc., the auto lender seeking to repay a U.S. bailout, is raising $1 billion in a private placement and said it will pay $5.9 billion in a plan to buy back preferred shares held by the Treasury Department.
The actions are intended to strengthen the company's finances as it resubmits its cap…
You can share this blog post in two ways…
Share this ADM link:
Send it with your computer's email program: Email this