(Reuters) - Fremont also said it had agreed to sell a minority stake in
the entire company to an investor group led by Gerald Ford, the
former chief executive of Golden State Bancorp Inc., for about
$80 million in the form of preferred stock and warrants to buy
more common shares.
Fremont shares jumped 19.5 percent to $8.50 in premarket
trading.
Read more at Reuters.com Bonds News
the entire company to an investor group led by Gerald Ford, the
former chief executive of Golden State Bancorp Inc., for about
$80 million in the form of preferred stock and warrants to buy
more common shares.
Fremont shares jumped 19.5 percent to $8.50 in premarket
trading.
Read more at Reuters.com Bonds News
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