TITLE

Shareholders OK Accredited-Aames Deal

AUTHOR(S)
Launder, William
PUB. DATE
September 2006
SOURCE
American Banker;9/18/2006, Vol. 171 Issue 179, p21
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
This article reports that shareholders of Aames Investment Corp. approved its deal to be sold to Accredited Home Lenders Holding Co., whose shareholders voted to sell common sock to fund the acquisition. Accredited, a nonprime lender based in San Diego, plans to issue 4.4 million shares of common stock and pay $109 million cash for all outstanding Aames stock.
ACCESSION #
22389533

 

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