| Document Date: 2014-07-07 16:04:54
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City Toronto / Mississauga / / Company PHH Arval / PHH Corporation / Element Financial Corporation / Toronto Stock Exchange / / Continent North America / / Country United States / / Currency USD / / / Event M&A / Company Listing Change / / IndustryTerm equipment finance industry / increased investment in technology / equipment finance market / equipment financing solutions / equipment finance / / Person Bradley Nullmeyer / Steven K. Hudson / Jim Halliday / Michel Beland / John Sadler / / / Position Chief Financial Officer / President / Chairman and Chief Executive Officer / Vice President / current President / head / / Product North American Fleet Management Services / Fleet Management / Fleet Management Services / / ProvinceOrState Maryland / Ontario / /
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News Release For Immediate Release Element Financial closes PHH Arval Acquisition US$1.4 billion transaction expected to deliver ten percent accretion to 2015 earnings per share Toronto, Ontario, July 7, 2014 – Element