New User:

-or-
Username:
Password:
Forgot your password?

Stock Market & Financial Investment News

News Breaks
July 15, 2014
07:55 EDTPHHPHH Corp. upgraded at Oppenheimer
As noted earlier, Oppenheimer upgraded PHH Corp to Outperform from Perform. After the company completed the sale of its leasing business and provided standalone financials for its mortgage business, Oppenheimer thinks the company's underlying trends should improve going forward. The firm also believes that the shares have little downside risk, while the company should benefit from the strength of its brand. Target $30.
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