India, March 6 -- New York Community Bancorp Inc. (NYCB) said that Liberty Strategic Capital, Hudson Bay Capital, Reverence Capital Partners, Citadel Securities, other institutional investors and certain members of the company's will make a combined over $1 billion investment in the company.
Liberty is expected to invest $450 million, Hudson Bay will invest $250 million, and Reverence will invest $200 million as part of the transaction.
NYCB closed Wednesday's regular trading at $3.46 up $0.24 or 7.45%. But in the after-hours trading, the stock dropped $0.06 or 1.73%.
In connection with the transaction, the company will add four new directors to its Board, including Steven Mnuchin, the 77th Secretary of the Treasury, Joseph Otting, forme...