Filed under: Deals, Management

In Tuesday’s brutal trading, it was tough to find a positive stock price. But Ocwen Financial (NYSE: OCN) bucked the trend. The stock price surged a hefty 53% to $6.09.

This occurred after Ocwen’s CEO, William C. Erbey, lobbed a $7 buyout offer for the company. He’s backed by Oaktree Capital Management, L.P… Continue reading

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This entry was posted on Monday, January 28th, 2008 at 3:10 pm and is filed under Management. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.