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Doral Financial Corp. Message Board

  • roderickb99 roderickb99 Oct 4, 2008 8:29 PM Flag

    Firm is 90% Owned by Hedge Funds

    By that I mean that 90% of stock was sold to Doral Holdings
    Delaware in mid 2007.

    I found this on MSN

    Some of the investors are household names like DE Shaw, Tannenbaurm, Eton Park

    This gives me great solace knowing that they have deep pockets from the huge venture capital and hedge funds.

    At MSN under stock ask for 5% or more share holders

    Doral Financial Closes Sale of Shares to Doral Holdings Delaware, LLC
    SAN JUAN, Puerto Rico -- Doral Financial Corporation (NYSE:DRL) ("Doral" or the "Company") announced today that it had closed the sale of 968,263,968 shares of its common stock, $0.01 par value per share, to Doral Holdings Delaware, LLC ("Doral Holdings"), a newly formed entity in which Bear Stearns Merchant Banking and other investors, including funds managed by Marathon Asset Management, Perry Capital, the D. E. Shaw group and Tennenbaum Capital Partners, invested. Following the closing, Doral Holdings owns approximately 90% of the common shares of Doral that are outstanding.

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