Money-losing MCorp, the second-largest banking concern in...
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Money-losing MCorp, the second-largest banking concern in Texas, said it agreed to sell its 80.1% interest in MTech Corp. for about $234 million. The stake will be sold to a new company to be formed by Welsh, Carson, Anderson & Stowe, the Robert M. Bass Group and Acadia Partners LP. Dallas-based MCorp owns 9,371,000 shares of MTech stock and its current investment in MTech is worth about $73 million. MCorp has been plagued by heavy losses and a stubborn rise in foreclosed real estate.
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