LUXEMBOURG, Dec. 24, 2012 (GLOBE NEWSWIRE) -- Altisource Portfolio Solutions S.A. ("Altisource") (Nasdaq:ASPS) today announced the successful consummation of its previously announced spin-offs of Altisource Residential Corporation ("Residential") and Altisource Asset Management Corporation ("AAMC"). The spin-offs and the distribution to Altisource's shareholders of Residential Class B common stock (the "Residential Shares") and AAMC common stock (the "AAMC Shares") complete the separation of Residential and AAMC from Altisource and their transition to independent public companies.
Altisource(TM) Announces Completion Of Spin-Off Of Altisource Residential Corporation And Altisource Asset Management Corporation
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