India, June 18 -- Guild Holdings Co. (GHLD), a national mortgage lender and servicer, announced that it has signed a definitive agreement under which a fund managed by Bayview Asset Management will acquire Guild, in an all-cash transaction, valued at approximately $1.3 billion.
Under the terms of the agreement, Guild stockholders will receive $20.00 in cash per share, representing a 56 percent premium to Guild's stock price on May 23, 2025, and a 27 percent premium to its tangible book value as of March 31, 2025.
In addition, Guild's Board of Directors intends to authorize a special dividend of up to $0.25 per share in 2025, with potential additional quarterly dividends if the deal is not completed this year.
These dividends will not aff...