Mergers & Acquisitions

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Deal Overview

Buyer:
PHH Corporation
Actual Acquirer:
PHH Mortgage Services Corporation
Target:
Mortgage portfolio servicing rights
Deal Type:
Specialty Finance Portfolio
Seller:
First Financial Bancorp.
Agreement Date:
3/22/2007
Announcement Date:
3/22/2007
Announced Deal Value ($ M):
NA
Status:
Completed
Completion Date:
10/24/2007

Deal Terms
Description of Consideration

The terms of the deal were not disclosed.

Percent Acquired (%) NA
Purchase Method Purchase
Merger of Equals? No
Estimated Cost Savings (%) NA
Estimated Cost Savings ($ 000) NA
Est. Restructuring Charges ($ 000) NA