Fleet Financial Group's talks to buy Advanta Corp. have shifted to purchasing only its credit card operations, market sources said. Fleet could announce a deal to buy the division as early as Monday, they said.
Speculation on how much the credit card operation would command ranged widely, from $23 to $44.50 a share. The division generates 70% to 75% of Advanta's revenue. The Spring House, Pa.-based credit card issuer also has a mortgage operation, leasing company, and venture capital division.