American Home Mortgage Holdings Inc. of New York has a deal to expand on the West Coast and build its Internet prowess by buying Marina Mortgage Co. of Irvine, Calif.

In the deal, announced last week, American Home Mortgage is to pay 753,420 shares of its common stock and $2.5 million of cash to Marina shareholders over five years. On the basis of American Home's share price Monday, the deal would be worth $7.3 million.

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