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.
Viewpoint: Is it Time to Rethink the ‘Secondary-Peril’ Label and Reclassify Risk? 
Allstate Introduces Large Language Model, ALLIE 
Seven People Charged in $100M Workers’ Compensation Fraud Operation in Florida 
UnitedHealth Investor Suit Alleges Security, Governance Lapses 
