Business
Element Acquisition of GE Capital Canadian Fleet Assets Receives Clearance from Canadian Competition Bureau
Transaction Closing Expected June 28, 2013 TORONTO , June 25, 2013 /CNW/ - Ele...
About this update from Element Fleet Management Corporation
[{"type":"text","content":"\n\n\nTransaction Closing Expected June 28, 2013\n\n\nTORONTO, June 25, 2013 /CNW/ - Element Financial Corporation (TSX: EFN)\n (\"Element\") announced today that it has received clearance from the\n Canadian Competition Bureau under the Competition Act (Canada) to\n complete its previously announced acquisition of the assets of GE\n Capital's Canadian fleet leasing business (the \"Transaction\").\n\n\nSubject to satisfaction of the remaining closing conditions, it is\n expected that the Transaction will close on June 28, 2013.\n\n\nAbout Element\n\n\nWith total assets of approximately $2 billion, Element Financial\n Corporation is one of North America's leading independent equipment\n finance companies.  Element operates across North America in three\n verticals of the equipment finance market  -  Element Capital provides\n large ticket equipment leasing, Element Finance serves the mid-ticket\n equipment finance market and Element Fleet provides vehicle fleet\n leasing and management solutions.\n\n\nThis release includes forward-looking statements regarding Element and\n its business. Such statements are based on the current expectations and\n views of future events of Element's management.  In some cases the\n forward-looking statements can be identified by words or phrases such\n as \"may\", \"will\", \"expect\", \"plan\", \"anticipate\", \"intend\",\n \"potential\", \"estimate\", \"believe\" or the negative of these terms, or\n other similar expressions intended to identify forward-looking\n statements. The forward-looking events and circumstances discussed in\n this release, may not occur and could differ materially as a result of\n known and unknown risk factors and uncertainties affecting the\n company.  No forward-looking statement can be guaranteed. \n Forward-looking statements and information by their nature are based on\n assumptions and involve known and unknown risks, uncertainties and\n other factors which may cause our actual results, performance or\n achievements, or industry results, to be materially different from any\n future results, performance or achievements expressed or implied by\n such forward-looking statement or information.  Accordingly, readers\n should not place undue reliance on any forward-looking statements or\n information.  Except as required by applica...