(Reuters) - Chief Financial Officer Bill Trubeck, speaking to analysts
on a conference call, said the unit, Option One Mortgage Corp.,
had $1 billion of current assets, $705 million of noncurrent
assets and $610 million of liabilities. That yields an
estimated net asset value of $1.1 billion.
That means the takeover value of the business dropped by
$300 million, or 21 percent, since Block announced a deal on
April 20 to sell the unit to Cerberus.
Read more at Reuters.com Market News
on a conference call, said the unit, Option One Mortgage Corp.,
had $1 billion of current assets, $705 million of noncurrent
assets and $610 million of liabilities. That yields an
estimated net asset value of $1.1 billion.
That means the takeover value of the business dropped by
$300 million, or 21 percent, since Block announced a deal on
April 20 to sell the unit to Cerberus.
Read more at Reuters.com Market News
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