Lone Star completes acquisition of Accredited Home Lenders (New Ratings)

Story date: 2007-10-12 12:51:36
Added on: 2007-10-13 08:00:17

The investment group paid $11.75 per share, or about $296 million, for the mortgage company. Lone Star had agreed on June 4 to pay $15 per share for Accredited Home Lenders, and had later tried to get out of the deal when the sub-prime crisis hit the markets.


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