Lone Star says talks to buy KEB still on
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U.S. buyout fund Lone Star said on Sunday   it was still in talks with South Korea's Kookmin Bank   060000.KS to sell Korea Exchange Bank (KEB) 004940.KS but   may decide to scrap a preliminary deal reached in May.
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Telecommunication networking firm Applied Innovation Inc has agreed to be bought by KEG Holdings Inc for $52.7m in cash. The deal is worth $3.45 per share.  Hillsoboro, Oregon-based KEG is the parent company of high-speed network access equipment manufacturer Kentrox LLC.
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Chairman David Moores has been against Morgan in the past, yet he has now hinted a deal is in the pipeline as he does not have the financial clout to stop a deal.
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The Wireless Group, owner of Talksport, says it is considering a management buyout deal involving Kelvin MacKenzie.
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HSBC Holdings Plc has contacted Lone Star about buying Korea Exchange Bank (KEB) from the U.S. private equity fund, the UK's Daily Telegraph reported on Tuesday.
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The Deutsche Boerse wants to convince London Stock Exchange management over the next two to four weeks to back its offer to buy the business, a supervisory board member told Reuters on Sunday.
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US energy major ExxonMobil is holding up a deal to resolve a dispute over the massive Kashagan oil field being developed by a Western-led consortium, Kazakh Energy Minister Sauat Mynbayev said on Monday.
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Lone Star FundsÂ 1.4 trillion won ($1.5 billion) purchase of the Korea Exchange Bank in 2003 was illegal, South Korean prosecutors said, setting up a court case that may cause the sale to be annulled. A former finance ministry official, Byeon Yang-ho, took bribes and conspired with the former president of Korea Exchange, Lee Kang-won, to drive down the sale price by as much as $900 million, the Supreme ProsecutorsÂ Office said. Mr. Byeon denied the accusations. Regulators will determine whether the sale should be voided, said Chae Dong-wook, a prosecutor. Last month Lone Star abandoned the sale of the bank to Kookmin Bank for a profit of about $4 billion because of the investigations. ÂIt is the same old broad conspiracy theory that never made any sense and still is not supported by any hard evidence,Â Lone StarÂs chairman, John Grayken, said in a statement.
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Lone Star Funds, a private equity firm  seeking to abandon its $400 million purchase of Accredited Home  Lenders Holding Co , said on Tuesday it extended its  tender offer to buy the struggling subprime mortgage lender to  September 12.
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Exelon, the US energy group, is in advanced talks to buy the Public Service Enterprise Group (PSEG) for about $12bn in stock, according to people familiar with the talks.
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Fonterra Cooperative Group Ltd says it does not want to limit its options on the price it has offered for Australia&#39;s National Foods Ltd.
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AFX reports from London that the bank said talks are at an early stage and that it would not issue new equity to fund the potential purchase.
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Halliburton Co. said it may sell its KBR unit, which is being investigated for possible overcharges on a US Army contract in Iraq and alleged bribery at a Nigerian venture, to boost its share price.
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A group led by Kohlberg Kravis Roberts & Company and the Texas Pacific Group is near a deal to acquire the TXU Corporation.
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Glenmorangie, one of the largest remaining independent companies in the Scotch whisky industry, today said it was in talks about a possible sale.
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South Korea's National Pension Service is interested in buying a 51 percent stake in Korea Exchange Bank (KEB) from U.S. investment firm Lone Star, the fund's chief investment officer told Reuters on Tuesday.
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Whisky distiller Glenmorangie said it was in talks with a number of potential suitors about a takeover. The firm, one of the largest remaining independent companies in the Scotch whisky industry, said it was