Lone Star Fund V (U.S.) LP, Dallas, has once again extended the tender offer deadline for its proposed acquisition of Accredited Home Lenders Holding Co., San Diego.The new deadline is 12 midnight on Oct. 5. While previous extensions had been made, this is the first extension offered since Lone Star and Accredited revised the price of the deal. As of Sept. 21, 19.15 million shares, or 76.22%, of Accredited's common stock had been tendered. The revised terms of the deal dropped the price from $15.10 per share to $11.75. On Sept. 24, Accredited closed at $11.68 per share. Accredited can be found online at http://www.accredhome.com.
Lone Star Extends Accredited Tender Offer
September 25, 2007, 2:00 p.m. EDT 1 Min Read
