Blue Lion To Sell Back All Its HomeStreet Shares

Blue Lion Group will sell all of its shares of HomeStreet, Inc. HMST common stock to the company.

The group owns approximately 6.48% of the HomeStreet’s common stock. Under the share purchase agreement, Blue Lion Group will sell all of its 1,692,401 shares of HomeStreet’s common stock to the company for $31.16 per share.

“We are pleased to have reached this amicable resolution with Blue Lion Capital following our 2019 annual meeting,” said Mark Mason, HomeStreet CEO. “Our company has made a tremendous amount of progress in the past year as we continue to transform HomeStreet into a leading West Coast regional commercial bank, and moving forward we are fully focused on executing this strategy and realizing long-term value for our shareholders.".

HomeStreet shares were trading down 0.4% at $329.31. The stock has a 52-week high of $31.96 and a 52-week low of $20.50.

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