Lone Star Extends Acquisition Deadline

  • 16 Aug 2007
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Lone Star Funds has extended the deadline on the proposed $400 million acquisition of Accredited Home Lenders Holding by two weeks to Aug. 28, reports The Wall Street Journal. The change is a result of a requirement in the merger agreement that forces Lone Star to extend its acquisition offer by no more than 10 days in case all of its conditions are not met.

Lone Star made a $15.10 offer-per-share in June but Accredited has suffered as of late amid general weakness in the subprime mortgage lending market. Lone Star has discussed backing out of the deal.

Click here to read The Wall Street Journal story

  • 16 Aug 2007

GlobalCapital European securitization league table

Rank Lead Manager/Arranger Share % by Volume
1 Citi 10.72
2 Bank of America Merrill Lynch (BAML) 10.66
3 Credit Suisse 6.45
4 Lloyds Bank 6.42
5 JP Morgan 6.35

Bookrunners of Global Structured Finance

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 SG Corporate & Investment Banking 1,260.06 2 126,006,164,037.19%
2 Rabobank 1,081.86 1 108,185,922,974.77%
3 Wells Fargo Securities 430.57 1 43,057,020,785.00%
4 SK Securities 192.86 1 19,286,162,593.99%
4 Meritz Financial Group Inc 192.86 1 19,286,162,593.99%