M&A
confidence high
sentiment neutral
materiality 1.00
Guild Holdings Co: M&A transaction — Bayview completes $1.244B all-cash acquisition of Guild Holdings at $20/share
Guild Holdings Co
- All-cash merger closed at $20.00 per share; total consideration approximately $1.244 billion.
- Class A and B common stock delisted from NYSE; company now privately held by Bayview MSR Opportunity Master Fund.
- All prior directors resigned; new board includes Michael Lau, Brian Bomstein, Richard O'Brien, Brett Evenson.
- Michael Lau named President & CEO of surviving company; Terry Schmidt remains CEO of Guild Mortgage subsidiary.
- Senior management retention bonuses equal to base salary, 50% paid within 30 days, remainder after one year.