Ally financial announces deal to acquire cardworks

Ally financial announces agreement to acquire cardworks.ally financial inc - deal for $2.65 billion.ally financial inc - transaction is expected to improve ally's core rotce by approximately 100 - 150 basis points for 2021 and 2022.ally financial inc - consideration for deal will include about $1.35 billion of cash and $1.30 billion in ally common stock, or 39.5 million shares.ally financial inc - deal to provide up to 100 bps of adjusted eps accretion for 2021 and 2022.ally financial - under terms of agreement, merrick bank, unit of cardworks, inc., will merge into ally bank.ally financial - don m. berman, ceo of cardworks will join ally's board and become a member of ally's executive management team following closing.
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