Bargain! Real estate unit not included in the deal GE take corporate finance,equipment,finance,franchise,energy and healthcare finance units.
Deal "will add more than $10 billion in assets and $5 billion in commitments to GE Capital Commercial Finance’s base of $260 billion" also Neal of GE says units “are in
industries we know well, so the potential for growth is compelling". Thain said deal would enable Merrill to redeploy "approximately $1.3 billion of capital into other parts of our business,†Which is quite useful if you've had a challenging year.
GE to buy Merrill Lynch lending unit - washingtonpost.com
Posted by alanwellspun (#1) 1506 days ago (http://www.washingtonpost.com)Who Voted for this Story
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