In Brief: Ga. Lender to Change Name, Split Its Stock

Mego Mortgage Corp. is changing its name to Altiva Financial Corp., will do a reverse stock split of one for 10, and plans to elect six board members, according to a letter to shareholders.

Atlanta-based Mego underwent a massive restructuring last year after taking charges for poorly performing loan pools. It has been trading below the Nasdaq limit of $1 a share since September.

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