Accredited Updates Status of Lone Star Deal

August 10, 2007, 2:00 p.m. EDT 1 Min Read

Accredited Home Lenders Holding Co., San Diego, has announced the fulfillment of one of the primary conditions for closing its acquisition by Lone Star Fund V (U.S.) LP, Dallas.The mortgage banker has received regulatory approval for the deal from states representing over 95% of the places where Accredited's 2006 production came from. The Lone Star tender offer, on its second extension, is scheduled to expire on Aug. 14.

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