Fieldstone's Acquisition by N.Y. Firm Is Complete

The acquisition of Columbia-based Fieldstone Investment Corporation by C-BASS, a New York mortgage investment company, is now complete, the companies announced today. Fieldstone, which owns and manages a portfolio of non-conforming residential mortgages, agreed to be acquired by C-BASS in February, at a price of $4 a share. Fieldstone's shares will no longer be traded on the Nasdaq stock market.

By Mike Shepard  |  July 17, 2007; 11:58 AM ET
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