Thursday, June 21, 2007

UPDATE 1-Lone Star offers 11.3 pct of S.Korea's KEB-sources

(Reuters) - The sale not only enables Lone Star, facing a legal battle
over KEB, to cash in some investment gains but could also help
find a buyer for its controlling stake more easily in the
future, analysts said.




Lone Star saw its $7.3 billion agreement to sell KEB to the
country's biggest lender, Kookmin Bank , aborted in
November last year due to a legal dispute over its $1.2 billion
purchase of KEB in 2003.


Read more at Reuters.com Mergers News

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