New User:

-or-
Username:
Password:
Forgot your password?

Stock Market & Financial Investment News

News Breaks
June 2, 2014
10:30 EDTPHHElement Financial nearing deal to buy PHH Corp. unit for $1.4B, Reuters reports
Reuters reports that Element Financial is nearing a deal to buy PHH Corp's fleet leasing unit for $1.4B.
News For PHH From The Last 14 Days
Check below for free stories on PHH the last two weeks.
Sign up for a free trial to see the rest of the stories you've been missing.
August 11, 2014
09:25 EDTPHHPHH Corp. management to meet with Sterne Agee
Subscribe for More Information
August 8, 2014
09:52 EDTPHHPHH Corp. entereed into two separate accelerated share repurchase agreements
PHH Corporation entered into two separate accelerated share repurchase agreements to repurchase an aggregate of $200M of PHH’s common stock consisting of a collared accelerated share repurchase agreement with JPMorgan Chase Bank to repurchase $100M of the company’s common stock, and (an a uncollared accelerated share repurchase agreement with JPMorgan to repurchase $100M of PHH’s common stock. The ASR Agreements are part of PHH’s previously announced share repurchase programs. Under the terms of the ASR Agreements, PHH will make aggregate payments of $200M to JPMorgan on August 8 and on the initial share delivery date will receive from JP Morgan an initial delivery of approximately 80% of PHH’s common stock that is subject to the transaction based upon the stock price at the close of business on August 7, in respect of the Uncollared ASR Agreement and a minimum number of PHH’s common stock in respect of the Collared ASR Agreement.

Sign up for a free trial to see the rest of the stories you've been missing.

I agree to the theflyonthewall.com disclaimer & terms of use