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Accredited Home Lenders (LEND Quote), a subprime mortgage lender, rose after saying it plans to acquire fellow home-loan provider Aames Investment (AIC Quote).
The stock-and-cash transaction values Aames at around $340 million, or $5.35 a share. Of the purchase price, roughly $109 million, or 32% of the total, will be paid in cash. Shares of Aames lost 36 cents, or 6.3%, to $5.36. Accredited gained $1.35, or 2.6%, to $53.29.
Alabama National BanCorporation (ALAB Quote) agreed to buy PB Financial Services in a deal that will merge two Southeastern banks. ...
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