Oct 29 (Reuters) - United Western Bancorp Inc:
* Announces agreement for investment from lovell minnick partners, llc, oak
hill capital management, llc and henry c. (ric) duques
* Entered into investment agreement with lovell minnick partners llc and oak
hill capital management
* Lovell minnick and oak hill capital will each purchase 117.5 million shares
of co's common stock
* Says ric duques will purchase 22.5 million shares
* The $103.0 million investment part of what is expected to be a $200 million
private placement by co
* Says ric duques will hold an ownership interest in United Western of
approximately 5.0 percent
* Says lovell minnick and oak hill capital will each hold an ownership in co of
about 23.1 percent
((Bangalore Equities Newsroom; +91 80 4135 5800; within U.S. +1 646 223 8780))
(For more news, please click here) COPYRIGHT Copyright Thomson Reuters 2010. All rights reserved. The copying, republication or redistribution of Reuters News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters.
* Announces agreement for investment from lovell minnick partners, llc, oak
hill capital management, llc and henry c. (ric) duques
* Entered into investment agreement with lovell minnick partners llc and oak
hill capital management
* Lovell minnick and oak hill capital will each purchase 117.5 million shares
of co's common stock
* Says ric duques will purchase 22.5 million shares
* The $103.0 million investment part of what is expected to be a $200 million
private placement by co
* Says ric duques will hold an ownership interest in United Western of
approximately 5.0 percent
* Says lovell minnick and oak hill capital will each hold an ownership in co of
about 23.1 percent
((Bangalore Equities Newsroom; +91 80 4135 5800; within U.S. +1 646 223 8780))
(For more news, please click here) COPYRIGHT Copyright Thomson Reuters 2010. All rights reserved. The copying, republication or redistribution of Reuters News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters.