Ally Financial to Sell About $1 Billion in Common Stock -CNBC
17 August 2013 - 2:26AM
Dow Jones News
Ally Financial Inc. plans to sell about $1 billion of its common
stock, possibly as early as later Friday, CNBC reported, citing
people familiar with the matter.
Proceeds from the offering could be used to pay back the
Treasury Department for its holding of a convertible preferred
stake in Ally as well as boosting the company's capital levels.
Full story at: www.cnbc.com
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