Prime Group Realty Trust, Chicago, has announced the termination of its previously announced merger agreement with Prime/Mansur Investment Partners, Chicago.The agreement was terminated automatically because Prime/Mansur failed to obtain a financing commitment that satisfied the requirements of the pact, under which Prime/Mansur would have acquired Prime Group, the latter company reported. Prime Group said it would continue to explore the possibility of doing a "strategic transaction." The company can be found online at http://www.pgrt.com.
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A tour of the technology that banking has run on, dating back to Franklin's anti-counterfeit measures and the bank-note bulletin that preceded American Banker.
July 3 -
Issuances of new HECM-backed securities dropped off in June on both a monthly and yearly basis, according to a new report from New View Advisors.
July 2 -
The vote to approve the $12 per share deal, which rejected a hostile bid from UWM Holdings, came following several postponements of a special meeting.
July 2 -
A mortgage customer claims his data was compromised in a hack last year at a tax and accounting firm reportedly used by the wholesale giant.
July 2 -
The government-sponsored enterprise clamped down on project review requirements and certain factory-built home appraisals while loosening other guidelines.
July 2 -
The June jobs report is creating an overhang on economist forecasts for interest rates going forward, especially when combined with recent inflation data.
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