Hampton Financial (TSE:HFC) has released an update.
Claim 70% Off TipRanks Premium
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis and maximize your portfolio's potential
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.