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Strategies & Market Trends : Speculating in Takeover Targets
ULBI 7.040+2.6%Oct 31 3:59 PM EST

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From: E_K_S8/19/2019 9:29:55 AM
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New Residential to acquire field services company
Aug. 19, 2019 8:39 AM ET|About: New Residential Investment ... (NRZ)|By: Liz Kiesche, SA News Editor

New Residential Investment (NYSE: NRZ) agrees to acquire DGG RE Investments, which operates under the name Guardian Asset Management, a provider of field services and property management to government agencies, financial institutions, and asset management firms.

NRZ gains 0.9% in premarket trading.

Terms of the deal weren't disclosed.

Under the terms of the agreement, Guardian will continue to operate with the Guardian name and under the current Guardian leadership.

Expected to close in Q4.
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