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Transaction HighlightsChesswood will enter the Canadian auto finance sector with the acquisition of Rifco$1.28 per Rifco share represents a premium of approximately 42% to Rifco's closing price on August
Transaction HighlightsAnticipated consideration of $1.15 per Rifco Share represents a significant premium of approximately 28% to the closing price of Rifco Shares on August 9, 2021 100% cash consideration
Rifco Inc.: Rifco National Auto Finance Appoints New President and Announces a Strategic Initiative Rifco Inc. (TSXV: RFC) (" Rifco" or the " Company") is pleased to provide its investors with an update on the Company. Rifco National Auto Finance Inc. ("RNAF"), a wholly owned subsidiary of Rifco, has appointed Roger Saran as its President & Chief Operating Officer reporting to Jeffrey Newhouse, Chief Executive Officer of Rifco Inc. Prior to his promotion, Roger was Vice President and Chief Credit Officer of RNAF, a role in which he led the development of the Company's revamped credit underwr...