Finova Group Inc. retained Credit Suisse First Boston to review strategic alternatives, including a possible sale, due to short-term financial woes. Finova is an independent commercial finance company that lends money to middle-market companies with funding requirements ranging from $2 milion to $50 million. The company is looking for ways to increase its credit rating and it is believed that they are looking for buyers or strategic partners to that end. One analyst pointed o Wells Fargo as a possible buyer. Wells Fargo has not commented.
Mergers and Acquisitions Report, May 22, 2000
