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.
Beazley Agrees to Zurich’s Sweetened £8 Billion Takeover Bid 
Maine Plane Crash Victims Worked for Luxury Travel Startup Led by Texas Lawyer 
Florida Senate President Says No Major Insurance Changes This Year 
Winter Storm Fern to Cause Up to $6.7B in Insured Losses 
