363 Sales

Ally Financial says U.S. businesses not for sale - Marketwatch

05/15/12

NEW YORK (MarketWatch) -- The bankruptcy of Ally Financial Inc.'s troubled mortgage business and potential sales of its international units will put the auto lender on stronger footing, Ally executives said Tuesday, despite questions about the ...

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GM To Reunite With Ex? Automaker Could Buy Ally Pieces After ResCap Bankruptcy - Forbes

05/15/12

ResCap, the unit placed into bankruptcy Monday, has been an anchor on Ally Financial ... has had an S-1 filing on the books with the SEC since March 2011 – a sale to private equity investors, or further expansion through acquisitions of ...

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Ally CEO: Closer to sale or IPO after ResCap bankruptcy, Detroit Free Press says - Yahoo Finance

05/15/12

Ally Financial's CEO Michael Carpenter said the bankruptcy of its distressed mortgage unit, ResCap, puts the lender closer to a possible initial public offering, a sale to private equity investors or an expansion through acquisitions, according ...

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With ban on bankruptcy set to expire July 1, state still holds Harrisburg's reins - PennLive.com

05/15/12

Behind the scenes, the state is pushing ahead toward the sale or lease of the city’s parking garages and incinerator. Eventually things must come to a head. While a majority of the city Council has advocated for bankruptcy, a federal judge’s ...

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CEO: Ally closer to IPO, private equity sale after ResCap bankruptcy - Detroit Free Press

05/15/12

With the bankruptcy filing Monday of its distressed mortgage unit, Detroit-based Ally Financial moved closer to paying back more of the $11.7 billion it still owes U.S. taxpayers. Ally and the federal government blessed the Chapter 11 filing of ...

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JPMorgan Spokesman Evangelisti Sells NYC Home for $6.7 Million - Businessweek

05/14/12

Evangelisti listed the five-bedroom home for $7.9 million in November 2008, when the global economy slid into recession and the Manhattan sales market stalled after the bankruptcy of Lehman Brothers Holdings Inc., according to property website ...

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Former GM unit Ally sends mortgage unit into bankruptcy - Lansing State Journal

05/14/12

The government is hoping to get the rest of the money back through a public stock offering by Ally, or perhaps the sale of its remaining businesses. When the bankruptcy and potential sale of international operations are finished, Ally expects to ...

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Ally aims to end mortgage woes with ResCap filing - Chicago Tribune

05/14/12

Ally still owes the government about $12 billion, counting dividend payments by the lender and sale of some securities by the Treasury. The bankruptcy comes as pressure increases on Ally to repay that money and problems at ResCap become ...

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Not So Fast – 363 Sales May Not Be Free and Clear of Future Claims - jdsupra.com

05/14/12

In recent years, section 363 sales have increased in prominence. According to the UCLA-LoPucki Bankruptcy Research Database, less than 4 percent of all large, public company bankruptcies were resolved by sales of all or substantially all of a debtor’s ...

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Solyndra for sale: High-tech production plant on the auction block - FOX News

05/14/12

For sale: manufacturing and office facility with 411,618 square feet, state of the art electrical, air, and power distribution systems -- and a troubled past. As part of its bankruptcy proceedings, Solyndra is reportedly very close to landing a ...

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