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December 2, 2008 9:26:26 AM CST


Lone Star

Lone Star news stories

2 Stories

Lone Star Buys Big at Mortgage Fire Sale

Texas fund grabs $6.7B in Merrill castoffs, is hungry for more

(Newser) - Lone Star Fund is looking to profit from the castoffs of the credit meltdown, buying billions of marked-down assets and betting on just some of them to rebound, reports the Wall Street Journal . The Dallas-based private-equity firm run by John Grayken has closed a deal on $6.7 billion in Merrill Lynch mortgage backed assets once valued at $30.6 billion. More »

More about:  Merrill Lynch mortgage debt private equity firms CDO Lone Star

HSBC Shops for Controlling Stake in KEB

Bank looks to strengthen presence
in Korean economy

(Newser) - HSBC is in talks to buy a controlling stake in Korea Exchange Bank from the U.S. private equity group Lone Star. A local newspaper has reported that the deal would be worth $4.5 billion. HSBC wants to strengthen its presence in the Korean economy, and Lone Star has been looking to unload its share for years. More »

More about:  US economy acquisition bank HSBC Lone Star

2 Stories

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