Mt. McKinley Gets OK to Buy Mesa Verde

Mt. McKinley Group Inc., a Newport Beach real estate services company, said Tuesday it received shareholder approval to acquire privately held Mesa Verde Financial Inc. in an all-stock transaction. Financial details weren't disclosed.

Mesa Verde, also in Newport Beach, provides nonjudicial foreclosure services to lenders and private investors. The company also holds title to a number of real estate properties in Siskiyou County in Northern California.

Mt. McKinley Group, whose thinly traded stock closed at 13 cents a share in over-the-counter trading Tuesday, said it intends to acquire additional real estate services firms.

Copyright © 2019, Los Angeles Times
EDITION: California | U.S. & World