CapitalSource Said to Seek Buyer for Company, Approach Banks
The lender has solicited interest from companies including banks in recent days, said one of the people, who spoke on condition of anonymity because the talks are private.
CapitalSource rose 28 cents, or 4 percent, to $7.33 in New York Stock Exchange composite trading today after the DealReporter website said the company is working with JPMorgan Chase & Co. to explore alternatives. Based on the closing price, the company has a market capitalization of about $2.4 billion.
Michael Weiss, a spokesman for CapitalSource, didn’t immediately return a call seeking comment.
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