Lone Star will not submit new bid for Bank of Cyprus (updated)
Private equity firm Lone Star, in a statement issued on Tuesday to the London Stock Exchange, said that it is not intending to submit a revised offer for the acquisition ...
Bank of Cyprus bid makes case for lender buyouts
By Liam Proud
Banks usually make for tricky private equity targets. Turnoffs include demanding regulators and high leverage, which stops buyers from piling on further debt. But when prices are ...
Bank of Cyprus ‘at mercy’ of private equity firm
Government rushes to pass bill to prevent takeover of systemic bank
The government is faced with a race against time to ensure it has the legal power to prevent the ...
Bank of Cyprus ‘unequivocally’ rejects Lone Star’s takeover proposal (Updated)
Bank of Cyprus (BoC) said on Friday it had received and unanimously rejected “unequivocally” three unsolicited, conditional, non-binding proposals from Lone Star relating to a possible cash offer for the ...