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Accredited Home Lenders shares crash 35% as private-equity firm retracts deal to buy them

This Link is located in the Public Channel Housing Bubble and Bear Links.
Posted by ian 2 years 218 days ago (marketwatch.com). Views: 15
Tags: housing bubble private equity

Related Tags: credit crisis gold wall street peter schiff economics inflation banks

Accredited shares plunged 35% to $5.82 in afternoon trading, and the stock is down more than 80% so far this year. In early June, the offer by private-equity firm Lone Star valued Accredited at $400 million, or $15.10 a share. Lone Star, however, told the lender that because of the "drastic" deterioration of Accredited's financial and operational condition, it believes the conditions of the acquisition deal won't be satisfied.

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Housing Bubble and Bear Links (1,486 Links)

Created by ian 2 years 343 days ago in Finance. Views: 12,615. Link Views: 417,498
Tags: housing bubble investing real estate subprime mortgage finance economics
Related Tags: wall street stocks business video politics infesting economy financial

This channel was created on April 10, 2007, during the peak of the housing mania, to warn investors of the coming collapse in home prices. For quite some time we have warned investors to get out of U.S. stocks. This channel represents the best of the [More...]

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