Toronto-Dominion Bank (TD) is in talks to buy Chrysler Financial Corp. for as much as $7 billion, Bloomberg News said.
Toronto-Dominion may reach an agreement with Cerberus Capital Management, the owner of the auto-loan company, as soon as this week, Bloomberg News reported without naming its sources.
Cerberus is in discussions with other potential buyers and the talks with TD Bank could still…
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Toronto-Dominion Bank in Talks to Buy Chrysler Financial originally appeared on DailyFinance on Tue, 07 Dec 2010 07:55:00.
Filed Under: Company News, Credit, Autos