(Reuters) - That compared with the 63 cent per share offer for a 90
percent stake that Doral had accepted from a group led by Bear
Stearns Merchant Banking. Doral would also receive $610 million
under that agreement.
Doral said its board has not determined whether the FBOP
bid constituted a "superior proposal" under the agreement with
the Bear Stearns-led group. Doral shares closed Monday at
$1.88, up from $1.30 on Friday, after news of the FBOP offer
surfaced.
Read more at Reuters.com Bonds News
percent stake that Doral had accepted from a group led by Bear
Stearns Merchant Banking. Doral would also receive $610 million
under that agreement.
Doral said its board has not determined whether the FBOP
bid constituted a "superior proposal" under the agreement with
the Bear Stearns-led group. Doral shares closed Monday at
$1.88, up from $1.30 on Friday, after news of the FBOP offer
surfaced.
Read more at Reuters.com Bonds News
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