Santa Monica, Calif.-based Fremont General Corp. has announced its plans to repurchase 3.5 million shares of company stock. The repurchase is designed to fund the company’s benefits trust plans. Currently 36.4 percent of the outstanding common shares are held by the company’s employees and directors.
Was this article valuable?
Here are more articles you may enjoy.
Cleared of Charges, NJ’s Norcross Sues Inquirer, Editor for $100M in Defamation Suit 
Musk’s Boring Co. Working on Tunnel to Link Austin and San Antonio 
Florida’s Commercial Clearinghouse Plan Hits a Snag, With OIR and Board Concerns 
Florida OIR Approves Four More HO Rate Cuts as Citizens Keeps Shrinking 
