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Sidhu IPO now seeks $90M; was $150M

Tough time to raise money, even for a bargain-hunter. Ex-Sovereign Bank chief Jay Sidhu files to raise $90M to buy banks; down from $150M sought in April filing.

    by Joseph N. DiStefano
    Published 

Tough time to raise a lot of investment capital. Former Sovereign Bancorp CEO Jay S. Sidhu is trying to raise $90 million for his Sidhu Special Purpose Corp., which would invest in banks. That's down from his earlier plan to raise $90 million. New SEC July filing

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; old April filing

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.