Brief: Truist Expands Point-Of-Sale Platform With Acquisition Of Leading Home Improvement Lender Service Finance Company Llc

ECN Capital

10/08/2021 23:10

Aug 10 (Reuters) - Truist Financial Corp  TFC.N :
    * TRUIST EXPANDS POINT-OF-SALE PLATFORM WITH ACQUISITION OF
LEADING HOME IMPROVEMENT LENDER SERVICE FINANCE COMPANY, LLC
    * TRUIST FINANCIAL CORP - DEAL FOR $2 BILLION
    * TRUIST FINANCIAL CORP - ASSUMING ACQUISITION USES EXCESS
CAPITAL, APPROXIMATELY 2% CASH EPS ACCRETION IN YEAR TWO
    * TRUIST FINANCIAL CORP - ASSUMING ACQUISITION REPLACES
PLANNED
SHARE REPURCHASES (CAPITAL NEUTRAL), APPROXIMATELY 1% CASH EPS
DILUTION IN YEAR TWO

Source text for Eikon:  ID:nPn7XK9pka 
Further company coverage:  TFC.N 

 ((Reuters.Briefs@thomsonreuters.com;))