Banks
Accredited Sues Lone Star
Accredited also said last week that if any of its own lenders decides to execute a so-called margin call -- requiring the company to put up additional cash or collateral in exchange for the funding -- the company could be in deep trouble.
An outside spokesman for Lone Star declined to comment. So far, about 33% of the shares have currently been tendered to Lone Star, according to Valentin. Farallon Capital Management, which owns about 7% of Accredited's shares, indicated in a filing that it intends to tender its shares to Lone Star on Monday. This spring, Accredited also received a $200 million loan commitment from Farallon.TheStreet Premium Services
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| Dow Jones | S&P 500 | NASDAQ | 10-Year Note |
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|---|---|---|---|---|
| 12,393.45 | 1,310.33 | 2,827.34 | 15.81 |
Oil *
101.78
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26.41 |
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2.99 |
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10.02 |
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0.44 |
10 Yr
1.58%
SPDR Gold
151.62
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-0.21%
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-0.23%
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-2.71%
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