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Wilshire Financial Services Group, parent of a specialty servicer that focuses on "scratch and dent" loans, has announced the repurchase of about $10 million of its common stock.
The repurchase involved 4,168,854 shares of common stock at $2.40 per share. The shares were purchased from American Express Financial Advisors and represented AXP's entire interest in Wilshire's common stock.
The repurchase represented about 21% of ...