Amid Financial Problems, REIT Aames Negotiates Sale
May 12, 2006
A longtime subprime player has put itself on the sales block. In its earnings report issued last week, Aames Investment Corp. revealed that it is seeking strategic alternatives – including a possible merger. Officials were mum on many of the details, though in a conference call they told analysts that there is a “very significant” possibility that something could be announced prior to the end of the current quarter. …