Workflow
Synchrony (SYF) to Buy Ally Financial's Point-of-Sale Business
SYFSynchrony(SYF) Zacks Investment Research·2024-01-23 00:16

Synchrony Financial (SYF) is set to acquire Ally Financial’s ALLY point-of-sale financing business. The deal encompasses a substantial portfolio, including $2.2 billion in loan receivables. It will establish Synchrony as a key player in the home improvement services and healthcare financing sectors. The acquired portfolio boasts connections with nearly 2,500 merchant locations and serves over 0.45 million active borrowers.The transaction, subject to customary closing conditions, is projected to be concluded ...