[movermike] movermike: First, She Says She Will, Then She Won't...

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Posted by movermike:
First, She Says She Will, Then She Won't...
http://www.movermike.com/posts/1187020554.shtml


   [w?s=LEND]

   [1]Lone Star Funds "said in a regulatory filing Friday that it would
   most likely get out of the deal due to the "the drastic deterioration
   in the financial and operational condition" of Accredited" (LEND).

   Lone Star offered $15.10 for LEND before the mortgage market changed.
   Then Lend's stock jumped when regulators approved the merger late last
   week. Late Friday, Lone Star implied the deal was off.

   Jim Cramer, the man who lost itn on CNBC, assured us Saturday, August
   11th, the deal would go through.

     Remember, the [2]Accredited Home Lenders (LEND - Cramer's Take -
     Stockpickr - Rating) deal will close unless the acquirer, Lone Star
     Funds, is insolvent. That's how iron-clad that deal is. All the
     negative language that reporters quoted last week was included in
     the deal documents when it was first reported. Odd that it's just
     now getting focused on. I repeat, the language about insolvency was
     not new news.

   What does he know!

   [3]Accredited Home Lenders (LEND) [4]Jim Cramer [5]Mover Mike

References

   1. http://www.banknet360.com/news/NewsAbstract.do?na_id=9614
   2. http://www.thestreet.com/s/jim-cramers-best-blogs/markets/activetraderupdate/10373487.html?puc=_tscct
   3. http://technorati.com/tag/Accredited+Home+Lenders+(LEND)
   4. http://technorati.com/tag/Jim+Cramer
   5. http://technorati.com/tag/Mover+Mike