Hampton Financial (TSE:HFC) has released an update.
TipRanks Cyber Monday Sale
- Claim 60% off TipRanks Premium for data-backed insights and research tools you need to invest with confidence.
- Subscribe to TipRanks' Smart Investor Picks and see our data in action through our high-performing model portfolio - now also 60% off
Hampton Financial Corporation is set to acquire Oxygen Working Capital Corp., marking its entry into the commercial lending market with the transaction anticipated to close on April 1, 2024. The deal involves Hampton acquiring all outstanding shares of Oxygen Working Capital, with the potential for Hampton to own an 80% equity stake post-acquisition. This strategic move is expected to enhance Hampton’s financial services offerings and is projected to positively impact its earnings in the near future.
For further insights into TSE:HFC stock, check out TipRanks’ Stock Analysis page.