EV97
2021-09-02
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Stellantis To Acquire US Auto Finance Company First Investors For $285M
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overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nStellantis To Acquire US Auto Finance Company First Investors For $285M\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-09-02 20:44 GMT+8 <a href=https://www.benzinga.com/m-a/21/09/22776493/stellantis-to-acquire-us-auto-finance-company-first-investors-for-285m><strong>Benzinga</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Stellantis NV has agreed to acquire First Investors Financial Services Group's parent company, F1 Holdings Corp, in an all-cash transaction for about $285 million.\nStellantis to acquire the auto ...</p>\n\n<a href=\"https://www.benzinga.com/m-a/21/09/22776493/stellantis-to-acquire-us-auto-finance-company-first-investors-for-285m\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"STLA":"Stellantis NV"},"source_url":"https://www.benzinga.com/m-a/21/09/22776493/stellantis-to-acquire-us-auto-finance-company-first-investors-for-285m","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1117711426","content_text":"Stellantis NV has agreed to acquire First Investors Financial Services Group's parent company, F1 Holdings Corp, in an all-cash transaction for about $285 million.\nStellantis to acquire the auto finance company in the U.S. from an investor group led by Gallatin Point Capital LLC and including affiliates of Jacobs Asset Management, LLC.\nThe move is in line withStellantis' intention of establishing a U.S. captive finance company to support its sales and fully capitalize on its market position.\nWith the direct ownership of a finance company in the U.S., Stellantis can provide customers and dealers financing options, including retail loans, leases, and floorplan financing in the near-to-medium term.\nThe transaction is expected to close by the end of 2021.\nStellantis held €40.8 billion in cash and equivalents as of June 30, 2021.\nPrice Action: STLA shares are trading higher by 0.20% at $20.09 in premarket on the last check Thursday.","news_type":1},"isVote":1,"tweetType":1,"viewCount":207,"commentLimit":10,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"symbols":[],"verified":2,"subType":0,"readableState":1,"langContent":"EN","currentLanguage":"EN","warmUpFlag":false,"orderFlag":false,"shareable":true,"causeOfNotShareable":"","featuresForAnalytics":[],"commentAndTweetFlag":false,"andRepostAutoSelectedFlag":false,"upFlag":false,"length":17,"xxTargetLangEnum":"ORIG"},"commentList":[],"isCommentEnd":true,"isTiger":false,"isWeiXinMini":false,"url":"/m/post/812676011"}
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