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Ally Financial Planning $1 Bln Stock Sale

Saturday, August 17, 2013 - 8:16 AM
Ally Financial Inc is planning to sell roughly $1 billion in common stock, a move that would help boost the company's capital levels, CNBC reported on Friday.

Proceeds from the sale, which could happen early next week or as soon as Friday afternoon, will help raise the company's capital levels after missing the Federal Reserve's mark in this year's stress test, CNBC said.
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