AcquisitionGuild announced it has agreed to be acquired by Bayview Asset Management for $20/share, representing a 27% premium to GHLD's tangible book value.
Financial PerformanceGHLD's recent valuation pullback sets up for a potential rally on good 4Q results and guidance, led in part by some mark-to-market upside expected for its MSR portfolio.
PartnershipThe transaction will lead to Guild operating as a privately held independent company, where it will partner with Lakeview Loan Servicing, Bayview's affiliate mortgage servicer.