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US: Springleaf says OneMain $4.5 billion deal with Citi may be delayed

By  |  August 6, 2015

Springleaf Holdings Inc said its deal to buy subprime lender OneMain Financial Holdings from Citigroup Inc could be delayed beyond the third quarter over potential antitrust concerns.

Springleaf agreed in March to buy OneMain for $4.25 billion in cash, creating the largest subprime lender in the United States with $15 billion in assets.

The company said on Thursday it expected talks with the U.S. Department of Justice and certain state attorneys general to be constructive.

Springleaf said it had agreed not to complete the deal before Sept. 10 in order to give the Justice Department enough time to finish its antitrust review.

Full content: Market Watch

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