December 14, 2012 / 2:10 PM / 5 years ago

Bank of America sues MBIA, claiming tender offer interference

Dec 14 (Reuters) - Bank of America Corp has sued bond insurer MBIA Inc in a New York state court for allegedly interfering with a tender offer to buy MBIA’s bonds.

On Thursday Bank of America said it had purchased around 40 percent of a senior note in that tender and issued a default notice over an attempt to change the debt’s terms.

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