Deals Rumor Mill: Ally, Blackstone, Yankee Candle

Law360, New York (July 24, 2013, 3:17 PM EDT) -- Auto lender Ally Financial Inc., the auto lender saved from implosion by a series of government bailouts about five years ago, is plotting out an initial public offering that could generate between $2 billion and $4 billion, according to a Wednesday report from Reuters. Proceeds from the sale would be put toward repaying the $11 billion balance Ally owes the U.S. government after it pumped a trio of cash infusions into the company between 2007 and 2009, at the low point of a widespread economic downturn....
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