Monday, May 21, 2007

UPDATE 2-NetBank to sell some assets at a discount; shares fall

(Reuters) - Shares of the online bank and mortgage lender, which is
selling the assets to privately held EverBank, lost more than
half of their value and touched a new year-low.




The Atlanta-based company also said it will shutdown its
third-party mortgage origination business, NetBank Funding, and
incur costs of $25 million to $28 million.


Read more at Reuters.com Mergers News

No comments: