Yellow Brick Road to buy RESI

Bouris-led group set to buy mortgage lender for $36m as it chases more market share.

Yellow Brick Road Holdings (YBR) is set to acquire privately-owned mortgage manager RESI Mortgage Corporation (Resi) for $36 million as it ramps up its assault on the big four's market share.

The group will pay $28m cash, $5.5m in ordinary shares at a price of 70 cents each, with up to $2.5m being paid one year after the settlement.  

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