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

Article Related Press Releases (1) Related SEC Filings (1) Stock Quotes (2) Comments (1)

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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