Hampton Financial (TSE:HFC) has released an update.
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Hampton Financial Corporation is set to acquire Oxygen Working Capital Corp., marking its entry into the commercial lending market with the transaction anticipated to close on April 1, 2024. The deal involves Hampton acquiring all outstanding shares of Oxygen Working Capital, with the potential for Hampton to own an 80% equity stake post-acquisition. This strategic move is expected to enhance Hampton’s financial services offerings and is projected to positively impact its earnings in the near future.
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