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Fbrcapital will buy back stock from Arlington

Source: Internet
Author: User
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Beijing time Tuesday Evening News, FBR Capital Markets Corp (FBCM) announced that it will be a total of 72.5 million U.S. dollars from the Arlington Asset Investment Company (Arlington Asset Investment Corp.) repurchase 16.7 million shares.　　As part of a strategic separation plan being implemented, the two companies will also terminate some of the service and management agreements.　　FBR Capital will buy back the shares at $4.35 a share, a 5.4% lower than its Monday 4.60-dollar closing price.　　After the repurchase was completed, the FBR Capital stake in Arlington will drop to about 39% from 56% before the deal. The transaction is expected to be completed by June 2.

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