Tree.Com, Inc. (NASDAQ: TREE) today released Form 8-K that sale of some of its assets from the former company’s real estate segment to Market Leader, Inc. has been completed.
Market might react favorable to this news considering the latest TREE‘s actions for recovering from previous company’s consumer market refinancing mistakes.
Just for reminder: TREE‘s stock is trading in the narrow range for a while and should react to any positive developments in the blink of an eye.
Company’s 8-K filings:
On September 16, 2011, two wholly-owned subsidiaries of Tree.com (the “Company”), LendingTree, LLC and RealEstate.com, Inc. (the “Sellers”), completed the sale of certain of the Sellers’ assets from the Company’s former Real Estate segment for a total purchase price of $8,250,000 in cash pursuant to an asset purchase agreement entered into and dated September 15, 2011 by and among the Sellers and Market Leader, Inc. (the “Agreement”). The Agreement is attached hereto as Exhibit 2.1 and is incorporated herein by reference.
Tree.Com, Inc.
11115 Rushmore Drive
Charlotte, NC 28277
United States – Map
Tel: 1-800-555-8733, 704-541-5351
Fax: 704-541-5352
http://www.lendingtree.com
Tree.Com, Inc., through its subsidiaries, engages in lending business in the United States. It owns various brands and businesses that provide information, tools, advice, products, and services for consumers looking to comparison shop for loans, real estate, and other services from businesses and professionals. The company’s LendingTree Loans segment originates, processes, approves, and funds various types of residential real estate loans primarily under the LendingTree Loans brand name. It offers a range of adjustable and best fixed mortgage deals, including conforming and prime loans, as well as non-conforming and FHA loans.