Rumor: Element’s $2.5B Raise Tied to GE Capital Fleet Acquisition
MAY 26, 2015 - 8:04 am
The Financial Post reported a rumor that Element Financial’s announcement last week that it will raise $2.5 billion for acquisitions, could possibly mean the company will be seeking to acquire GE Capital’s fleet leasing business as its next takeover target.
The Financial Post notes that the company, which one year back bought the U.S. fleet leasing business of PHH Corp, hasn’t given any indication other than to say that it “has not entered into any definitive agreement for an acquisition requiring the use of the net proceeds of the offerings.”
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