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LendingTree closes acquisition of Ovation Credit Services

LendingTree LLC, a unit of LendingTree Inc., closed its acquisition of Ovation Credit Services Inc.

In connection with the Ovation deal, LendingTree on June 11 granted restricted stock unit awards to seven key employees of Ovation Credit Services under its 2017 inducement grant plan as a material inducement to entering into employment with the company. The seven key employees were granted a total of 7,806 restricted stock units.