Spotlight: Aames Considers Infusion From Equity Fund
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Los Angeles-based Aames Financial Corp. said it’s discussing a proposed capital investment by an unidentified equity fund of up to $100 million. Aames, which specializes in lending to those with bad credit, said the investment would probably be made “well below the current trading price” of its common stock and would result in “substantial dilution” to stockholders. Aames shares fell $1.25 to close at $1.88 on the NYSE. Aames this week reported a 97% plunge in first-quarter results.
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