CRIIMI MAE hires Friedman, Billings, Ramsey & Co. (Commercial).(Brief Article)

Mortgage Banking | July 1, 2002 | Copyright

THE BOARD OF DIRECTORS OF CRIIMI MAE, Rockville, Maryland, has hired investment banking firm Friedman, Billings, Ramsey and Co. Inc. (FBR) to assist the board with an evaluation of strategic alternatives designed to maximize shareholder value. FBR will help the board analyze opportunities concerning refinancing of CRIIMI MAE's existing debt and other strategic alternatives, including the possible sale of assets or the company.

CRIIMI MAE Chairman William B. Dockser said, "We have been committed to maximizing shareholder value since CRIIMI MAE was founded in 1989. ...

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