Fortress Said To Be In Talks For $1 Billion ResCap Deal -Bloomberg
15 March 2012 - 10:01PM
Dow Jones News
Fortress Investment Group LLC (FIG) is in talks to pay more than
$1 billion to buy assets from Ally Financial Inc.'s mortgage
business, Residential Capital, Bloomberg News reported Thursday,
citing people with knowledge of the matter.
Fortress would buy the assets as part of ResCap's bankruptcy
filing, which is reportedly coming within weeks, Bloomberg
reported, citing its sources.
Full story at
http://www.bloomberg.com/news/2012-03-15/fortress-said-to-be-in-talks-to-pay-1-billion-for-rescap-assets.html
-Dow Jones Newswires; 212-416-2900