Accredited Sues Lone Star Over Merger

  • 13 Aug 2007
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Accredited Home Lenders announced Monday that it has sued private equity firm Lone Star Fund in an effort to encourage Lone Star’s takeover efforts of Accredited, reports the Associated Press. The move follows Lone Star saying on Friday that Accredited wouldn’t meet the conditions Loan Star made in June when it first moved forward with its takeover plans. Loan Star’s flagging interest in the subprime mortgage lender have coincided with the downturn in the subprime arena and mortgage lending in general. More than 50 lenders have already gone bankrupt.

Click here to read the Associated Press story on Yahoo! Finance

  • 13 Aug 2007

GlobalCapital European securitization league table

Rank Lead Manager/Arranger Total Volume $m No. of Deals Share % by Volume
1 Bank of America Merrill Lynch (BAML) 6,665 23 12.97
2 Citi 5,781 17 11.25
3 BNP Paribas 3,715 15 7.23
4 Barclays 2,853 9 5.55
5 Credit Suisse 2,783 8 5.42

Bookrunners of Global Structured Finance

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 Citi 99,250.27 279 13.04%
2 Bank of America Merrill Lynch 92,153.61 267 12.10%
3 Wells Fargo Securities 72,661.39 222 9.54%
4 JPMorgan 52,367.24 169 6.88%
5 Credit Suisse 41,885.89 127 5.50%