Monday, April 30, 2007

Doral in private equity talks, warns on dilution

(Reuters) - Doral said in a regulatory filing that if the contemplated transaction is consummated, its capital and liquidity needs will be satisfied but existing shareholders will face "very significant dilution."

The news was the latest blow to investors in Doral's stock, which has collapsed over the past two years amid charges that former senior management engaged in fraud.


Read more at Reuters.com Business News

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