Gleacher & Co. (GLCH) to Acquire ClearPoint Assets from Ocwen Financial (OCN)

February 15, 2013 6:40 AM EST
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Gleacher & Company, Inc. (Nasdaq: GLCH) announced that it has entered into an agreement with Homeward Residential, Inc., a wholly owned subsidiary of Ocwen Financial Corporation (NYSE: OCN) pursuant to which Homeward will purchase substantially all of the assets of ClearPoint.

Finally, having considered a range of opportunities during its previously announced strategic review, including partnering with one or more equity investors, strategic acquisitions and divestitures, and business combinations, the Company determined that the available opportunities were not in the best interests of Gleacher’s stockholders at this time.

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Wrong headline
Martin on 2013-02-16 06:22:26
Mark as Spam | Reply to this comment

Didn't ocwen purchase not sell clearpoint from glch

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