(Reuters) - NEW YORK, June 25 - Doral Financial Corp.
, a Puerto Rico lender trying to avoid bankruptcy, on
Monday said its second-largest shareholder withdrew a takeover
offer, perhaps clearing the way for a buyout led by Bear
Stearns Cos.' private equity arm.
FBOP Corp., a privately held banking company with a 4.6
percent stake in Doral, dropped its unsolicited $610 million
bid to take an 80 percent stake in the San Juan-based lender.
Read more at Reuters.com Government Filings News
, a Puerto Rico lender trying to avoid bankruptcy, on
Monday said its second-largest shareholder withdrew a takeover
offer, perhaps clearing the way for a buyout led by Bear
Stearns Cos.' private equity arm.
FBOP Corp., a privately held banking company with a 4.6
percent stake in Doral, dropped its unsolicited $610 million
bid to take an 80 percent stake in the San Juan-based lender.
Read more at Reuters.com Government Filings News
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