TITLE

Burying the Hatchet

AUTHOR(S)
Launder, William; Terris, Harry
PUB. DATE
September 2007
SOURCE
American Banker;9/20/2007, Vol. 172 Issue 182, p9
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
This article announces an agreement between Accredited Home Lenders Holding Co. and Lone Star Funds over the price Lone Star will pay for the subprime lender. The price agreed on was $295 million which is about $11.75 a share. This price is nearly 29 percent lower than the price agreed upon in June 2007 but 38 percent higher than the last offer from Lone Star which was trying to back out of the original offer.
ACCESSION #
26714554

 

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