(Reuters) - The transaction values Accredited Home at $15.10 per share, a 9.7 percent premium over its Friday closing price. The price is 72 percent below the stock's 52-week high of $53.45, set one year ago, but four times above its March 13 trough of $3.77.
Accredited Home, which cut 1,300 jobs in the first quarter, is one of many providers of home loans to people with poor credit histories who have struggled with rising losses and mounting defaults.
Read more at Reuters.com Business News
Accredited Home, which cut 1,300 jobs in the first quarter, is one of many providers of home loans to people with poor credit histories who have struggled with rising losses and mounting defaults.
Read more at Reuters.com Business News
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