Posts for Ticker ‘Lone Star’

Accredited Home Lenders Still Has Hopes Of Merger, But… (LEND)

LSF5 Accredited Investments, LLC, the subsidiary of Lone Star Fund V that had offered in June to acquire Accredited Home Lenders Holding Co. (Nasdaq: LEND), announced that it is extending its tender offer for all outstanding shares of common stock until 12:00 midnight on September 14, 2007, in accordance with Lone Star’s obligations under the merger agreement with the Company.  If you read the press release, you’ll see right away that this is not a done and final deal as far as Lone Star is concerned, although it is still not as dead as fears of the subprime meltdown led to in August.

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Posted on: September 13, 2007 – 8:06 am in Financial Stocks, , , ,