Deal Dispatch: Stoli On The Rocks As US Business Goes Bankrupt, Ally Financial To Sell Credit Card Unit

The U.S. division of Stoli Group hopes to get a deal under Chapter 11 bankruptcy protection.

The company applied on Nov. 27 to the U.S. Bankruptcy Court in the Northern District of Texas.

Stoli Group USA, based in New York, and Kentucky Owl American whiskey business plan to restructure all assets, valued up to $500 million. See below.

New On The Block

• Ally Financial (NYSE:ALLY) is auctioning off its credit card unit after just three years of ownership, per Bloomberg. The Detroit-based ...

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