23.02.2015 04:40:59

New Residential Investment To Buy Home Loan Servicing Solutions For $1.3 Bln

(RTTNews) - New Residential Investment Corp. (NRZ) said Sunday that it agreed to acquire Home Loan Servicing Solutions Ltd. (HLSS) for $18.25 per share in cash, totaling about $1.3 billion. The purchase price represents a 9% premium to HLSS' closing price of $16.76 on February 20, 2015.

The acquisition has been approved by the Board of Directors of each company and is expected to close in the second quarter of 2015, subject to HLSS shareholder approval and other customary closing conditions.

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