AmeriCredit In a $3.5 Billion Deal : Transaction Closing Date

AmeriCredit In a $3.5 Billion Deal : Transaction Closing Date

Government-owned General Motors is acquiring Fort Worth’s AmeriCredit in a $3.5 billion deal. AmeriCredit gives GM something it sorely lacked: a lender that can reached car buyers of all stripes, including subprime borrowers, which constitute as much as 25% of the car-buying market.
They need to get back in the game,” Gabelli, who helps oversee $28 billion as chairman and chief executive officer at Gamco Investors Inc. in Rye, New York, said during an interview on Bloomberg Television’s “In the Loop.” “They want to go public. They want to repay the government.
AmeriCredit shareholders will receive $24.50 in cash for each share of stock held as of the transaction closing date.