Deals Rumor Mill: Ally Financial, Focus Media, Citigroup

Law360, New York (February 21, 2014, 1:56 PM EST) -- Ally Financial Inc. is hoping for an initial public offering of as much as $4.5 billion in March, according to Reuters, citing sources familiar with the matter. The deal would pave the way for the U.S. government to make a profit on its bailout of the former General Motors Co. unit. The U.S. Treasury Department owns 37 percent of the auto lender and Ally hopes the government will be able to sell $2 billion worth of stock in the offering to cover what it still owes Treasury,...
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