01:47 PM EST - Element Financial Corporation : announced that it has entered into a definitive asset purchase agreement with GE Capital Canada to acquire GE Capital's Canadian fleet portfolio and the operational resources required to service this portfolio for consideration of $570 million inclusive of software licenses and other assets. The blue-chip portfolio being acquired by Element is comprised of approximately 650 regionally diversified customers and demonstrates low turnover and excellent credit loss experience consistent with Element's existing fleet portfolio. Element Financial Corporation
shares T.EFN are trading up $0.32 at $11.09.
