Key Developments: Altisource Portfolio Solutions SA (ASPS.O)
99.40USD
17 Jun 2013
$2.20 (+2.26%)
$97.20
$98.62
$100.27
$97.70
171,252
270,642
$129.72
$66.79
Latest Key Developments (Source: Significant Developments)
Altisource Portfolio Solutions SA Announces Completion Of Spin-Off Of Altisource Residential Corporation And Altisource Asset Management Corporation
Altisource Portfolio Solutions SA announced the consummation of its previously announced spin-offs of Altisource Residential Corporation (Residential) and Altisource Asset Management Corporation (AAMC). The spin-offs and the distribution to Altisource's shareholders of Residential Class B common stock (Residential Shares) and AAMC common stock (AAMC Shares) complete the separation of Residential and AAMC from Altisource and their transition to independent public companies. The spin-offs were completed at the close of business on December 21, 2012, and the Residential Shares and AAMC Shares were electronically distributed to Altisource shareholders as of the record date, December 17, 2012, in the ratio of one Residential Share for every three Altisource shares and one AAMC Share for every 10 Altisource shares. The Residential Shares will trade on the NYSE under the symbol RESI commencing December 24, 2012. The AAMC Shares will continue to trade on the OTCQX under the symbol AAMCV and are anticipated to begin trading under the symbol AAMC commencing December 26, 2012. Altisource common stock continues to trade on the NASDAQ Global Select Market under the ticker symbol ASPS. Full Article
Altisource Portfolio Solutions SA Announces Resignation Of CFO Robert D. Stiles, Appointment Of Michelle D. Esterman
Altisource Portfolio Solutions SA announced that Robert D. Stiles, the Company's Chief Financial Officer (CFO), has resigned from the Company effective March 1, 2012. The Company also announced the appointment of Michelle D. Esterman as its new Chief Financial Officer effective March 12, 2012. Full Article
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