TD Bank Group to acquire Chrysler Financial for $6.3B

TD Bank Group TD, and Cerberus Capital Management, L.P., today announced an agreement under which Chrysler Financial will be sold to TD for cash consideration of approximately $6.3 billion. The purchase is comprised of net assets of $5.9 billion and approximately $400 million in goodwill. TD does not intend to issue common equity in connection with this transaction.