Aleisha sells PHH 23.59: Element Financial slumps after acquiring PHH auto leasing unit for $1.4 bln
Element Financial Corp. (TSE:EFN), a Canadian equipment-finance company, fell in morning trades after saying it has agreed to buy PHH Corp.'s (NYSE:PHH) North American fleet-management unit for about $1.4 billion in cash, and will issue $1.1 billion in ... ...
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