Saturday , 23 January 2021

Real Estate Investor Acquires Mortgage Servicer for $1.3 Billion

By Brian Honea

New Residential Investment Corp. and Home Loan Servicing Solutions Ltd. announced a definitive merger agreement on Sunday. The merger agreement sets for New Residential to acquire all of the outstanding shares of HLSS for $18.25 per share in cash, totaling approximately $1.3 billion. The purchase price represents a 9 percent premium to HLSS’ closing price of $16.76 on February 20.

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