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Walter Investment Corp. (WAC) -8.8% AH following its announcement of a secondary offering of...

Walter Investment Corp. (WAC) -8.8% AH following its announcement of a secondary offering of 4.5M shares along with $265m in convertible senior notes. The company intends to use about $95M of the proceeds to complete its acquisition of Reverse Mortgage Solutions. The rest of the money will create a war chest for future acquisitions in the servicing sector. (PR)
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