(Reuters) - San Juan-based Doral said it will review the offer by FBOP Corp., a privately-held Oak Park, Illinois-based banking company, to take an 80 percent stake by acquiring $610 million of stock at $1.41 per share.
That compares with the 63 cents per share offer for a 90 percent stake that Doral on May 17 said it accepted from a group led by Bear Stearns Merchant Banking. Doral would also receive $610 million under that agreement.
Read more at Reuters.com Mergers News
That compares with the 63 cents per share offer for a 90 percent stake that Doral on May 17 said it accepted from a group led by Bear Stearns Merchant Banking. Doral would also receive $610 million under that agreement.
Read more at Reuters.com Mergers News
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