The PMI Group Inc. has amended terms relating to the proposed acquisition of Select Portfolio Servicing and SPS's corporate parent, SPS Holding Co., by Credit Suisse First Boston and its affiliate, DLJ Mortgage Inc. The amendment extends CSFB's option to buy SPS until Aug. 12 from the previous expiration date of Aug 5. "The proposed transaction is subject to negotiation and the execution of mutually acceptable definitive documentation. There can be no assurance that the proposed transaction will be consummated or that CSFB will exercise its option to purchase SPS," PMI said.
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