All-cash transaction valued at approximately $211 million; Stonegate Mortgage shareholders to receive $8.00 per share in cash

ANN ARBOR, MI and INDIANAPOLIS, IN--(January 27, 2017) - Home Point Financial Corporation ("Home Point") and Stonegate Mortgage Corporation (NYSE: SGM) ("Stonegate Mortgage") today announced that they have entered into a definitive agreement for Home Point to acquire Stonegate Mortgage in an all-cash transaction valued at approximately $211 million. On a pro forma basis, the acquisition would position Home Point as a top-25 mortgage originator and servicer.

 

Under the terms of the agreement, Stonegate Mortgage's stockholders will receive $8.00 per share. The per share price represents a premium of approximately 61 percent over Stonegate Mortgage's 90-day volume weighted average price on January 26, 2017, and a 34 percent premium over Stonegate Mortgage's closing price per share on January 26, 2017.

NEW YORK and JERSEY, Aug. 19, 2016  -- CIFC LLC (CIFC), a U.S. private debt investment manager, and F.A.B. Partners ("F.A.B."), an alternative investment platform, today announced that CIFC and an affiliate of F.A.B. have entered into a definitive merger agreement under which F.A.B. will acquire CIFC for approximately $333 million in cash.

 

Under the terms of the merger agreement, CIFC shareholders will be entitled to receive $11.46 in cash per share – $11.36 per share as consideration in the merger, plus a $0.10 per share distribution detailed below – representing a premium of more than 60% over CIFC's closing share price on August 19, 2016, and a premium of approximately 160% over the January 27, 2016 closing share price, the day prior to CIFC's announcement of its pursuit of strategic alternatives to accelerate the growth of its business. The CIFC Board has declared a cash distribution of $0.10 per share to be paid on September 12, 2016 to shareholders of record as of the close of business on August 31, 2016. 

VANCOUVER, BC / July 14, 2016 / Elysee Development Corp. (ELC.V) has released its unaudited financial statements and management discussion and analysis for the three and six months ended May 31, 2016, both of which are available for viewing on SEDAR and at www.elyseedevelopment.com. All dollar amounts are in Canadian funds.

 

During the six months ended May 31, 2016 ("the current period"), Elysee had net earnings of $3,176,936 as compared with net earnings of $1,071,493 for the six months ended May 31, 2015 ("the prior period"). The earnings for the current period were primarily the result of realized gains on marketable securities of $886,960, unrealized gains on marketable securities of $2,393,496 and interest and dividend income of $76,718. Earnings during the prior period were the result of net investment gains of $1,031,632, an unrealized foreign exchange gain of $147,428 and interest and dividend income of $28,379. As a result of the foregoing, Elysee earned $0.153 per share for the six months ended May 31, 2016 as compared to earnings per share of $0.050 during the prior period.

Expands U.S. presence with high-quality middle market commercial and private banking capabilities, advances client-focused strategy, diversifies earnings and strengthens platform for long-term growth

Provides CIBC's Canadian clients with access to U.S. banking services

Supports Atlantic Trust's clients with access to banking capabilities

Builds on PrivateBancorp's momentum, offers growth opportunities as part of a stronger North American organization

 

TORONTO, June 29, 2016 -  CIBC (TSX:CM.TO - News) (NYSE:CM - News) today announced that it has entered into a definitive agreement to acquire PrivateBancorp, Inc. (NASDAQ:PVTB - News) and its subsidiary, The PrivateBank, a high-quality Chicago-based middle market commercial bank withUS$17.7 billion in assets, complemented by private banking and wealth management capabilities.