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Newcastle Investment (NCT) jumps 3.1% after inking a deal to acquire up to 50% of a $4.2B UPB...

Newcastle Investment (NCT) jumps 3.1% after inking a deal to acquire up to 50% of a $4.2B UPB portfolio of consumer loans - home and unsecured personal - from HSBC (HBC). Newcastle will team with another Fortress (FIG) affiliate - Springleaf Financial, which will have responsibility for servicing the loans. The total purchase price comes to $3.2B. (PR)
Comments (2)
  • Good times are yet to come for NCT; just, looking into their future and go NCT go. I think we will all be rewarded now and well into the coming years.jpmj4847
    5 Mar 2013, 01:22 PM Reply Like
  • 50% of $4.2 billion is $2.1 billion. (NCT) market cap is $1.94 billion.
    5 Mar 2013, 10:04 PM Reply Like
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