Brief: Finance Of America To Acquire Assets Of Reverse Mortgage Lender AAG

Finance of America Companies

07/12/2022 12:26

Dec 7 (Reuters) - Finance of America Companies Inc
 FOA.N :
    * FINANCE OF AMERICA TO ACQUIRE ASSETS OF REVERSE MORTGAGE
LENDER
AAG
    * FINANCE OF AMERICA COMPANIES INC SAYS TO ACQUIRE ASSETS OF
AMERICAN ADVISORS GROUP IN EXCHANGE FOR COMBINATION OF CASH AND
EQUITY
    * FINANCE OF AMERICA COMPANIES INC SAYS UPON COMPLETION OF
DEAL,
EXPECTED TO BE ACCRETIVE TO BOTH TANGIBLE BOOK VALUE AND
EARNINGS PER SHARE
    * FINANCE OF AMERICA COMPANIES - CO'S UNIT, FINANCE OF
AMERICA
REVERSE LLC, WILL OPERATE SEPARATE DIRECT-TO-CONSUMER RETAIL
CHANNEL UNDER BRAND NAME AAG
    * FINANCE OF AMERICA COMPANIES - CHAIRMAN BRIAN LIBMAN,
COMMITTED
TO INVEST ADDITIONAL $30 MILLION OF CAPITAL THROUGH PRIVATE
PLACEMENT OF CO'S COMMON STOCK

Source text for Eikon:  ID:nBwcddbzSa 
Further company coverage:  FOA.N 
 ((Reuters.Briefs@thomsonreuters.com;))