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Slideshow Mergers & Acquisitions

By The Online Investor Staff, updated Fri., Jun. 5, 5:37 PM

Slide #90. Front Yard Residential Corporation Amherst Residential, LLC

Acquirer: Front Yard Residential Corporation (NYSE:RESI)
Acquiree: Amherst Residential, LLC
Details: Front Yard Residential Corporation ("Front Yard" or the "Company") (NYSE: RESI) announced today that the Company and Amherst Residential, LLC ("Amherst") have agreed to terminate the previously announced merger agreement pursuant to which Amherst would have acquired Front Yard, and the parties have entered into a settlement agreement with respect to the termination.

Front Yard Residential is a real estate investment trust and conducts substantially all of its activities through its wholly owned subsidiary, Front Yard Residential, L.P., and its subsidiaries. Co. is managed by Altisource Asset Management Corporation (AAMC), which provides Co. with personnel to administer Co.'s business and performs certain of its corporate governance functions. AAMC also provides portfolio management services in connection with Co.'s acquisition and management of single-family rental properties and the management of its remaining residential mortgage loans and real estate owned properties.

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Company Name:  Front Yard Residential Corp
Stock buyback:  RESI buyback
Website:  www.frontyardresidential.com
Sector:  REITs
Number of ETFs Holding RESI:  25
Total Market Value Held by ETFs:  $77.78M
Total Market Capitalization:  $438.00M
% of Market Cap. Held by ETFs:  17.76%
 

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June 5, 2020    5:37 PM Eastern
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