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Prospect News home > News index > List of issuers P > Headlines for PHH Corp. > News item
Published on 11/24/2008 in the Prospect News Special Situations Daily.

Third Point reports stake of 9.1% in PHH

By E. Janene Geiss

Philadelphia, Nov. 24 - Third Point LLC reported an equity investment of 9.1% in PHH Corp. as of Nov. 13, according to an SC 13G filing with the Securities and Exchange Commission.

The investor's holdings represent a passive stake of 4,925,000 shares.

PHH is an outsource provider of mortgage and vehicle fleet management services.


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