Toronto-Dominion Bank has reached a $6.3 billion agreement to acquire Chrysler Financial from Cerberus Capital Management, the company's private equity owner. Also, Royal DSM N.V. will pay $1.09 billion in cash to acquire nutrition company Martek Biosciences Corp.
December 30, 2010 at 12:00 AM
1 minute read
Toronto-Dominion Bank (TD), Canada’s second-largest bank by assets, has reached a $6.3 billion agreement to acquire Chrysler Financial from Cerberus Capital Management, the company’s private equity owner.
According to a statement, the deal is comprised of net assets of $5.9 billion and approximately $400 million in goodwill.
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