NetworkNewsBreaks – IEG Holdings Corp. (IEGH) Vi
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IEG Holdings (OTCQB: IEGH), a provider of unsecured consumer loans, recently announced a tender offer to exchange 13 shares of the company’s common stock for each share of common stock of LendingClub Corp. (NYSE: LC). An article discussing the offer reads: “IEG Holdings Corporation (OTCQB: IEGH) recently announced (http://nnw.fm/4dXAB) that it has begun a tender offer for 4.99 percent of the common shares of LendingClub Corporation (NYSE: LC). The offer, set to expire on February 22, 2018, is for up to an aggregate of 20,701,999 common shares. The transaction calls for the exchange of 13 shares of IEG Holdings common stock for each share of LendingClub. … IEGH believes that the offer is a solid short-term investment for its shareholders.”
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