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Walter Industries spinoff date set

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The Tampa Tribune

Published: April 16, 2009

Tampa-based Walter Industries Inc. expects to complete the spinoff of its financing business by Friday, the company said. This comes after a vote Wednesday by shareholders of Hanover Capital Mortgage Holdings to merge with Walter Investment Management LLC. A favorable ruling by the Internal Revenue Service related to the deal helped satisfy conditions for the closing.

The new company will be named Walter Investment Management Corp. and begin trading on the NYSE Amex under the symbol WAC.

Richard Mullins

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Walter Industries spinoff date set

The Tampa Tribune