PHH Corporation Announces Closing Date for Proposed Merger with Ocwen Financial Corporation
PHH (PHH)
Last phh earnings: 5/8 04:15 pm
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Source: Business Wire
MOUNT LAUREL, N.J.--(BUSINESS WIRE)-- PHH Corporation (NYSE:PHH) ("PHH" or the "Company") announced today that it intends to close its proposed merger with Ocwen Financial Corporation (NYSE:OCN) (“Ocwen”) prior to the market open on Thursday, October 4, 2018. As previously announced on February 27, 2018, upon consummation of the merger, Ocwen will acquire all of the Company’s outstanding shares of common stock in an all cash transaction valued at approximately $360 million or $11.00 per fully diluted share. About PHH Corporation PHH Corporation (NYSE:PHH), through its subsidiary PHH Mortgage, is one of the largest subservicers of residential mortgages in the United States. PHH Mortgage provides servicing and portfolio retention solutions to investors of mortgage servicing rights, financial and wealth management institutions, regional and community banks, and credit unions. Headquarte
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