On Tuesday, Home Loan Servicing Solutions, Ltd. (NASDAQ:HLSS)’s shares declined -1.84%, and closed at $17.04, after Hecla Mining, and New Residential Investment Corp., declared that they have reached a purchase contract, under which New Residential attained substantially all of the assets, and assumed substantially all of the liabilities of HLSS. Simultaneously, New Residential and HLSS mutually terminated the merger contract originally declared on February 22, 2015.
Under the Asset Purchase Contract, New Residential paid HLSS an equity purchase price of about $1.2 billion, or $17.08 per HLSS share on 71 million HLSS shares. With adjustments for cash and the repayment of HLSS debt, New Residential paid HLSS a total purchase price of about $1.4 billion, comprised of about $1 billion of cash and 28.2 million newly issued shares of New Residential. The Asset Purchase was approved by the Board of Directors of each corporation and did not require shareholder approval. The Asset Purchase was consummated concurrently with signing of the Asset Purchase Contract.
Furthermore, New Residential has separately agreed to a multi-year extension of the servicing contracts with Ocwen Financial Corporation (NYSE:OCN), providing for a long-term partnership between New Residential and Ocwen.
Home Loan Servicing Solutions, Ltd., together with its auxiliaries, focuses on acquiring assets related to residential mortgages. Home Loan Servicing Solutions, Ltd. was founded in 2010 and is based in George Town, the Cayman Islands.
Dollar General Corporation (NYSE:DG)’s shares dropped -1.83%, and settled at $73.94, during the last trading session on Tuesday, as Dollar General (DG) is assisting customers spring into savings this week with the launch of its spring Fast Way to Save™ digital coupon program, offering customers about $200 each week in total online coupon savings now through April 19. Customers will see additional weekly specials on dozens of discounts on Easter merchandise and a buy-one, get-one free sale on select apparel and accessories, in addition to its everyday low prices on thousands of items throughout the store.
Now through April 19, Dollar General® will offer digital coupons through its spring Fast Way to Save™program from companies counting Dollar General’s own 100 percent satisfaction-guaranteed private brands counting DG™ Home, DG™ Health, DG™Body, EverPet™, DG™Beauty and Clover Valley®, in addition to Rexall®, SCOTT® paper products, Mr. Clean®, Coca-Cola®, Rubbermaid®, Hefty™ and more. All digital coupons may only be redeemed one time through April 19.
In addition to dozens of opportunities to save online, Dollar General’s digital savings also comprises an exclusive coupon for $2 off any $10 pre-tax purchase through March 31, 2015.
Dollar General Corporation, a discount retailer, provides various merchandise products in the southern, southwestern, mid-western, and eastern United States.
At the end of Tuesday’s trade, Starwood Property Trust, Inc. (NYSE:STWD)’s shares dipped -1.83%, and closed at $24.18, as Starwood Property Trust, hosted an Analyst & Investor Day on Thursday, April 2, 2015.
Starwood Property Trust, Inc. originates, attains, finances, and manages commercial mortgage loans, other commercial real estate debt investments, commercial mortgage-backed securities, and other commercial real estate-related debt investments in the United States and Europe.
KB Home (NYSE:KBH), ended its Tuesday’s trading session with -1.82% loss, and closed at $15.68, as on April 2, the board of directors of KB Home (KBH) has declared a quarterly cash dividend of $.025 per share on the Corporation’s ordinary stock, payable on May 21, 2015 to stockholders of record on May 7, 2015.
KB Home operates as a homebuilding corporation in the United States. It constructs and sells various homes, counting attached and detached single-family residential homes, townhomes, and condominiums primarily for first-time, move-up, and active adult homebuyers under the name KB Home.
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