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Tree.Com Inc Completes Sale Of Certain Assets Of Home Loan Center, Inc. To Discover Financial Services' Subsidiary
Tree.Com Inc announced that it has completed the sale of substantially all of the operating assets of its Home Loan Center, Inc. business to a wholly owned subsidiary of Discover Financial Services. In exchange for the assets sold, Discover paid an aggregate of $45.9 million including payments made prior to the closing which were applied to the closing price. A portion of such amount is being held in escrow pending the discharge of certain contingent liabilities not assumed by Discover related to loans previously sold to secondary market investors. An additional $10 million of purchase price will be due on the first anniversary of the closing.
Latest Developments for Discover Financial Services
- Discover Financial Services Declares Quarterly Dividend for Preferred and Common Stock
- Discover Financial Services Announces New $2 Billion Share Repurchase Authorization; Declares Regular Quarterly Dividend
- Discover Financial Services Declares Quarterly Dividend Of $0.10 Per Share, An Increase Of 67%
- Discover Financial Services Announces $1 Billion Share Repurchase Program
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