Lone Star sells KEB stake for $1.28 bln: source
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Private equity house Lone Star sold a larger-than-expected 13.6 percent stake in lender Korea Exchange Bank, raising $1.28 billion, a source said, as the U.S. firm begins to exit an investment burdened by legal challenges.
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NEW YORK -- International supermarket retailer Royal Ahold said Thursday it will sell two of its US chains, BI-LO and Bruno&#39;s, to Lone Star Funds for $660 million.
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Lone Star Funds will recoup almost a third of its original investment in a move that drew divided reaction.
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Business & money: Â· Drinks group signs Â£460m deal with Ketel OneÂ· Dutch vodka expected to cut into top seller's market
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Texas power company TXU Corp.  has agreed to be acquired by private equity firms Kohlberg Kravis Roberts & Co.  and Texas Pacific Group  for about $32 billion in the largest leverage buyout in history, Bloomberg News reported on Monday.
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U.S. buyout fund Lone Star is close to  terminating its $7.3 billion deal to sell Korea Exchange Bank  (KEB) to Kookmin Bank (060000.KS) because of a prosecutors'  investigation, the Financial Times reported on Wednesday.
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The US cleaning products maker has agreed to buy back a 29 percent stake from Germany&#39;s Henkel KGaA (HNKG_p.DE: Quote, Profile, Research) .
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Lone Star Funds, the buyout firm founded by John Grayken, plans to sell a stake in Korea Exchange Bank for as much as $1.1 billion after its move to divest entirely was derailed last year by a legal dispute. Lone Star is offering 73.1 million shares, or 11.3 percent of Korea Exchange, for 13,150 to 13.750 won ($14.19 to $14.84) a share, according to an e-mail message sent to fund managers by the Credit Suisse Group, the investment bank arranging the sale. Shares in Korea Exchange fell 1.7 percent, to 14,600 won, up 14 percent this year. Lone Star, based in Dallas, has struggled for two years to sell the controlling stake it bought in 2003 as Korean prosecutors contend that the firm purchased the shares at an artificially low price. The sale of part of the Seoul-based bank would allow Lone Star to return money to investors while the case is pending and retain a majority stake.
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Texas power company TXU Corp. , which has agreed to the largest leveraged buyout in history, posted a 33 percent rise in fourth-quarter earnings on Tuesday, helped by improved margins and lower operating costs.
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U.S. investment firm Lone Star  has stopped talks with Singapore's DBS Group Holdings Ltd.  to sell Korea Exchange Bank (KEB), Yonhap news quoted Lone Star's chairman as saying on Sunday.
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KKR & Co. LP , the prominent U.S. buyout firm that helped to create the leveraged buyout industry, filed with regulators on Tuesday to raise up to $1.25 billion in an initial public offering of common units.
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Intelsat is to be sold to four private  equity firms for $3.1 billion, the world's second-largest  satellite operator said on Monday.
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LONDON/SEOUL  - HSBC agreed to buy 51 percent of Korea Exchange Bank from private equity firm Lone Star for $6.3 billion, in a deal that could propel the UK-based bank into the top ranks of Asia's third-largest banking market.
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Accredited Home Lenders Holding Co. , a struggling subprime mortgage lender, said on Monday it agreed to be acquired by private equity firm Lone Star for $400 million.
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Ahold has agreed to sell its Bruno's  and BI-LO shop units in the United States to Lone Star Funds  for $660 million, the Dutch retailer said on Thursday.
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Ahold today announced it has entered into an agreement to sell its US retail subsidiaries BI-LO and Brunoâs to an affiliate of the Lone Star Funds for total cash proceeds of up to $660 million.
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South Korea has found illegal aspects in the 2003 sale of Korea Exchange Bank (KEB) to U.S. fund Lone Star, a senior prosecutor said on Thursday, which may eventually lead the courts to declare the deal void.