April 20, 2024
Mortgage

CMG acquires Norcom Mortgage’s retail assets

California-based multichannel mortgage lender CMG Financial announced on Thursday that it acquired Norcom Mortgage’s retail assets, expanding its operations in the Northeast with the addition of 25 branches from Maryland to Maine. The financial details of the deal were not disclosed. “Norcom Mortgage has made the strategic decision to focus on and continue to grow our wholesale platform

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Investment

Trimble announces share buyback, two new directors after Jana stake

The Trimble logo is displayed on a smartphone. Igor Golovniov | SOPA Images | LightRocket | Getty Images Industrial technology company Trimble announced on Tuesday it would buy back up to $800 million worth of shares and add two directors to its board, just a few weeks after activist investor Jana Partners disclosed a stake

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Finance

Macy’s rejects Arkhouse’s $5.8 billion bid, citing financing concerns

A Macy’s store is seen at Herald Square on December 11, 2023 in New York City.  Michael M. Santiago | Getty Images Macy’s on Sunday rejected Arkhouse Management and partner Brigade Capital Management’s $5.8 billion proposal to take the department store operator private, citing concerns over deal financing and valuation. Arkhouse Management, a real-estate-focused investing firm, and Brigade Capital Management, a global asset

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