Synchrony Financial (SYF) to Acquire Point-of-Sale Financing Business of Ally Financial (ALLY)

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Go back to Synchrony Financial (SYF) to Acquire Point-of-Sale Financing Business of Ally Financial (ALLY)

Synchrony and Ally Financial Reach Agreement on Sale of Ally's Point-of-Sale Financing Business

January 19, 2024 7:30 AM EST

Acquisition Enhances Synchrony's Reach and Scale in Home Improvement and Health and Wellness Financing; 

Sale Enables Ally To Invest Its Resources in Growing Scale Businesses and Strengthening Relationships with Dealer Customers and Consumers

STAMFORD, Conn. and CHARLOTTE, N.C., Jan. 19, 2024 /PRNewswire/ -- Synchrony (NYSE: SYF) and Ally Financial Inc. (NYSE:ALLY), today announced that they have entered into a definitive agreement for Synchrony to acquire Ally's point of sale... More