POINT
Discover Financial Services (NYSE:DFS) announced after the closing bell Thursday that it has reached a definitive agreement to acquire substantially all of the operating and related assets of Home Loan Center, a subsidiary of Tree.com, Inc. (NASDAQ:TREE) for approximately $55.9 million, adding a residential mortgage component to Discover’s direct-to-consumer banking business.
Trading Close-Up
- Tree.com, Inc. (NasdaqGM: TREE) trading at $6.51, up 1.11 (20.56%) 12:59PM EDT
- Tranzyme, Inc. (NasdaqGM: TZYM) trading at $4.74, up 0.68 (16.75%) 1:17PM EDT
- Gulf Resources, Inc. (NasdaqGS: GFRE) trading at $3.14, up 0.44 (16.30%) 1:20PM EDT
- Vermillion, Inc. (NasdaqGM: VRML) trading at $ 6.44, up 0.61 (10.46%) 1:25PM EDT
Tree.com, Inc. (NASDAQ:TREE is the parent of several brands and businesses that provide information, tools, advice, products and services for critical transactions in our customers' lives. Tree.com, Inc. is the parent company of wholly owned operating subsidiaries: LendingTree, LLC and Home Loan Center, Inc., which does business as LendingTree Loans. Our family of brands includes: LendingTree.com®, LendingTree Loans, GetSmart.com®, RealEstate.com®, DegreeTree.com, HealthTree.com, LendingTreeAutos.com, DoneRight.com, and InsuranceTree.com. These brands serve as an ally for consumers who are looking to comparison shop for loans, real estate and other services from multiple businesses and professionals who will compete for their business.
Tree.com, Inc. is headquartered in Charlotte, N.C. and maintains operations solely in the United States. For more information, please visit www.tree.com.
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