Relevant:
- Subprime lender Accredited Home bought by Lone Star
- Accredited Sues Lone Star Seeking Closure Of $400 Mln Takeover; Still Recommends Deal To Stockholders
- Accredited Soars on Lower Offer
- Subprime's Deals, Dow Jones's Lesson, $1 Trillion Club: Timshel
- Cold Feet: Lone Star Looks to Call Off Accredited Deal
2007-07-26 — signonsandiego.com
"Shares of troubled subprime mortgage firm Accredited Home Lenders skidded 15 percent yesterday, highlighting investor fears that the company's proposed $400 million sale to a private equity firm could fall apart. The San Diego-based firm's stock lost $1.95 to close at $10.97 – even though an affiliate of Lone Star Partners has a tender offer to acquire all of Accredited's shares at $15.10 in cash. The offer expires Tuesday, although it could be extended."
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