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Lone Star, accredited drop lawsuits, agree on new purchase price.

Publication: San Diego Business Journal
Publication Date: 24-SEP-07
Format: Online
Delivery: Immediate Online Access
Full Article Title: Lone Star, accredited drop lawsuits, agree on new purchase price.(PUBLIC COMPANIES)

Article Excerpt
Accredited Home Lenders Holding Co., the San Diego subprime lender that's been haggling with its buyer in recent months, agreed to a 22 percent discount on the share price last week, apparently saving the deal.

The disclosure of a legal settlement Sept. 18 set the new price to be paid by Lone Star Fund for the company at $11.75, down $3.35 from the original price agreed to June 4 when the deal was struck....

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