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) 4,755 19 11.75
2 Citi 4,288 14 10.60
3 Rabobank 2,633 4 6.51
4 Goldman Sachs 2,615 4 6.46
5 Barclays 2,603 8 6.43

Bookrunners of Global Structured Finance

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 Citi 74,266.46 209 13.33%
2 Bank of America Merrill Lynch 64,298.92 202 11.54%
3 Wells Fargo Securities 55,583.74 178 9.98%
4 JPMorgan 40,447.01 140 7.26%
5 Credit Suisse 30,239.23 97 5.43%