Synchrony Financial has agreed to acquire Ally Financial's point of sale financing business, including $2.2 billion of loan receivables. The transaction, announced Jan. 19, is expected to close in the first quarter of 2024. Stamford, Connecticut-based Synchrony Financial was advised by Sidley Austin partner Sean Carney. Counsel information for Ally Financial, which is based in Detroit, was not immediately available.
Banking & Financial Services
January 26, 2024, 10:29 AM