01:18 PM EDT, 06/18/2025 (MT Newswires) -- Guild Holdings ( GHLD ) said Wednesday that a fund managed by Bayview Asset Management has agreed to acquire the outstanding shares of the mortgage company that it does not already own in a roughly $1.3 billion all-cash deal.

Guild stockholders will receive $20 for each share held. The consideration represents a roughly 56% premium to the company's unaffected closing stock price May 23, the last trading day before a filing by Bayview indicated its potential interest in a transaction with the company.

Guild shares were up nearly 26% in Wednesday afternoon trade.

Upon the deal's completion, Guild will operate as a privately held independent entity in partnership with Bayview affiliate and mortgage servicer Lakeview Loan Servicing.

"Expanding the Guild relationship with Lakeview creates one of the strongest and most compelling mortgage origination and servicing ecosystems in the nation," Guild Chief Executive Terry Schmidt said. "Our expertise in distributed retail origination, retained servicing, and the customer-for-life balanced business model makes this a complementary partnership that has powerful potential for growth and innovation."

McCarthy Capital Mortgage Investors has provided a written consent to approve the deal, Guild said, with no further action required by other stockholders.

The transaction is expected to close in the fourth quarter. Guild executives and management team will remain in place, while there will be no "material change" to the company's brand or business operations, it said.

The company said its board plans to authorize a special cash dividend of up to $0.25 a share in 2025.

Price: 19.75, Change: +4.03, Percent Change: +25.64