Clayton Holdings climbs on acquisition news
Clayton Holdings, Inc. (Nasdaq:CLAY) shares are rising more than 19% after it announced will be bought by Greenfield Partners LLC for $6 a share, or approximately $134 million, along with $23.8 million in debt repayment. Shelton, Conn.-based Clayton provides outsourced services, mortgage-related analytics and specialized consulting services for buyers and sellers of, and investors in, mortgage-related loans and securitizations.
In Monday morning trading, CLAY shares are up 19.92%, or $0.96, at $5.78. For detailed price information and recent news stories about Clayton Holdings, click CLAY.
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