In Brief: Ford Outlines Payout Of Stake in Associates

Ford Motor Co. detailed plans Tuesday for the distribution of its $22.7 billion stake in Associates First Capital Corp.

Dallas-based Associates is the largest home equity lender in the country.

Ford shareholders will get one Associates share for every four shares of Ford common and class B stock that they own. In addition, Ford will distribute approximately $3.1 billion to participants who own Ford stock in U.S. employee savings plans.

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