Via the Associated Press wire:
Private equity firm Lone Star Fund V said Monday it has extended its tender offer to acquire all outstanding shares of common stock of Accredited Home Lenders Holding Co. The tender offer is available until 12:00 a.m. Oct. 5. As of Sept. 21, Lone Star had already received about 19.1 million, or 76 percent, of outstanding shares.
Lone Star and Accredited Home recently entered into a tentative settlement on a lawsuit over the private equity company’s planned purchase of the troubled subprime lender, revising the original purchase price downward from $15.10 to $11.75 per share.