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Stock Market & Financial Investment News

News Breaks
May 16, 2014
05:32 EDTWACWalter Investment downgraded to Hold from Buy at Jefferies
Jefferies downgraded Walter Investment to Hold saying consensus expectations for 2015 and 2016 look "overly bullish." The firm cut its price target for shares to $27 from $38.
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June 29, 2015
08:34 EDTWACWalter Investment adopts one-year shareholder rights plan
Walter Investment announced that its board has adopted a one year shareholder rights plan. Walter Investment's board adopted the rights plan in response to accumulations of the company's shares in the market. The rights plan is intended to enable all Walter Investment shareholders to realize the full value of their investment in the company and to reduce the potential that any person or group could gain control of the company by open market accumulation or other tactics without paying a control premium. The rights plan applies equally to all current and future stockholders and is not intended to deter offers that are fair and otherwise in the best interests of the company's shareholders. The rights plan, which has a 20% beneficial ownership threshold, may be amended, redeemed or terminated by the board at any time prior to being triggered or its expiration on June 29, 2016. The rights plan exempts any person or group currently owning 20 percent or more of the company's common stock. However, the rights will be exercisable if a person or group that already owns 20 percent or more of the company's common stock acquires any additional shares after the time of announcement of the rights plan.
June 22, 2015
16:41 EDTWACBaker Street Capital reports 22.3% stake in Walter Investment
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