General Motors will acquire auto leasing company for $ 3.5 billion

General Motors is ready to buy AmeriCredit Corp.

In brief: AmeriCredit Corp. becomes the property of General Motors. The transaction amount exceeds $ 3.5 billion.

AmeriCredit Corp. goes under the hammer. Buyer is another distressed company General Motors Co ..

GM announced the acquisition of the leasing company AmeriCredit Corp. resulting in the largest U.S. producer expects to increase sales by offering customer auto loans at lower rates. The Detroit automaker said it would pay $ 3.5 billion for all shares of AmeriCredit. Price of each paper will be thus $ 24,5, providing 24-percent premium over the closing price of shares on Wednesday. Close the deal is expected in IV quarter 2010.

Ukrainian Globalist
2010-07-22 13:30, Economics.

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