Cerberus Sells Chrysler Financial
April 5, 2011- Share:
Cerberus Capital Management has completed its $6.3 billion sale of Chrysler Financial to TD Bank Group (NYSE: TD). The purchase price included $5.9 billion of net assets and about $400 million in goodwill. Chrysler Financial provides automotive financial products and services. Cerberus had owned the business since buying the automobile manufacturer Chrysler in 2007 and retained Chrysler Financial when the manufacturer went bankrupt.
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