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.
Insurance Platform Corgi Valued at $2.6B in Funding Round 
Sentry to Sponsor PGA Tournament at Torrey Pines 
Florida Supreme Court Posts New Rule on AI Hallucinations in Court Filings 
AIG’s Turnaround Under Zaffino Sets Stage for New Leadership 
