Ross to Buy American Home Unit, Expand in Mortgages (Update3) (Bloomberg.com)
Story date: 2007-09-21 01:34:43
Added on: 2007-09-21 23:00:06
Sept. 21 (Bloomberg) -- Wilbur L. Ross Jr., who became a billionaire by investing in bankrupt steel companies, offered to pay at least $435 million for a unit of American Home Mortgage Investment Corp. and said he plans to ``get into all aspects of the mortgage industry.''
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