Fremont Sells Loan Unit for $1.9 Billion

May 21, 2007

Fremont General Corp., said on Tuesday it had agreed to sell its commercial real estate lending business to iStar Financial Inc. for about $1.9 billion, sending its shares soaring more than 50% in premarket trading.

*For more on this story,

read the full Reuters article.

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Fremont Sells Loan Unit for $1.9 Billion

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