A $100 million cash infusion from a private equity firm that's led by three former Goldman Sachs (GS - Get Report) executives is providing badly needed luster to shares of Friedman Billings Ramsey (FBR - Get Report).The stock of the Arlington, Va.-based firm is up 16% since announcing last Thursday that Crestview Partners will invest $100 million in Friedman Billings' investment banking and brokerage business. Shares of Friedman Billings most recently traded at $11.52, their highest level in four months.
Friedman Billings Gets Private Equity Lifeline
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