Tuesday, July 17, 2007

Doral shareholders approve buyout

(Reuters) - San Juan-based Doral expects the transaction to close on
July 19. It has said it would likely seek bankruptcy protection
if it did not close by the following day.




Doral had been Puerto Rico's largest mortgage lender before
accounting problems forced it to restate 2000 to 2004 results.



Read more at Reuters.com Bonds News

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