Monday, 25 June 2007

Rival bidder for Doral Financial drops out

(Reuters) - That compared with an offer of 63 cents per share for a 90 percent stake that Doral had accepted on May 16 from a group led by Bear Stearns Merchant Banking. Doral would also receive $610 million under that agreement. It said FBOP, its second-largest shareholder, plans to vote for that agreement.




Shares of Doral closed Friday at $1.60 on the New York Stock Exchange.


Read more at Reuters.com Mergers News

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