Radian Group Lifts Price On Tender Offers For Two Series Of Money Market Committed Preferred Securities - Quick Facts

Radian Group Inc. (RDN) Tuesday said it would pay $35,000 for each security of Market Street Custodial Trust II and Market Street Custodial Trust III validly tendered at or before the new expiration time, including those previously tendered. There is no change to the consideration to be paid for tendered securities of Market Street Custodial Trust I. In addition, Radian has extended the expiration time of all three tender offers to December 30, 2009. As of December 15, 2009, approximately 45%, 18% and 48% of the outstanding securities of Market Street Custodial Trust I, Market Street Custodial Trust II, and Market Street Custodial Trust III, respectively, have been tendered.

by RTTNews Staff Writer

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