- Imperial Holdings (IFT -0.2%) raises some cash with the sale of it structured settlements business to Blackstone for $12M. Press release.
- The stock has been under big pressure since the end of August when it notified investors of its intent to launch a rights offering.
- Imperial has been the subject of competing SA Pro articles this year - a bullish one by Whopper Investments in May and a bearish one by Brice Mckalip published just after the right offering news. See also: Whopper's response to the bearish case.