Dell to buy CIT Group's stake in DFS

giovedì 20 dicembre 2007 14:21

Dec 20 (Reuters) - Dell Inc DELL.O said it will purchase CIT Group Inc's (CIT.N: Quotazione) 30 percent stake in Dell Financial Services (DFS) for $306 million by the end of 2007.

Dell said the acquisition, which would make it the sole owner of the financial services company, is not expected to have a material impact on its results of operations or cash flows. (Reporting by Shikhar Balwani in Bangalore; Editing by Deepak Kannan)