CSFB Extends Option to Buy SPS

Credit Suisse First Boston says it has agreed to amend its letter of intent regarding the possible purchase of SPS Holdings, the parent of Select Portfolio Servicing, extending CSFB's option to acquire the mortgage servicer beyond the original expiration date of July 31."The proposed transaction is subject to the negotiation and execution of mutually acceptable definitive documentation," CSFB said, adding that there is no certainty that CSFB will consummate a deal to acquire SPS, which was formerly named Fairbanks Capital. CSFB did not set a new deadline for reaching a deal under the letter of intent.