February 18, 2020 / 11:06 PM / in 4 months

Ally Financial to buy CardWorks in $2.65 bln deal

Feb 18 (Reuters) - Auto lender Ally Financial Inc said it would acquire non-prime credit card and consumer finance lender CardWorks in a transaction valued at about $2.65 billion.

The consideration for the deal includes about $1.35 billion of cash and $1.30 billion in Ally common stock, the company said in a statement. (Reporting by Abhishek Manikandan in Bengaluru; Editing by Shailesh Kuber)

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