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Entries tagged "Korea Exchange Bank"Busted M&A deals gone wildThe credit markets are beginning to thaw. But it looks like it's going to take some time to jump-start the sluggish global economy, which has caused a spike in busted M&A deals. The latest casualty is the cancellation of HLTH Corp.'s proposed $2.31 billion merger with its unit WebMD Health Corp. ... Korea Exchange Bank not in the cards for HSBCIt wasn't meant to be. HSBC Holdings plc missed out on its third major South Korean deal Friday as it withdrew from a $6.03 billion agreement to buy 51% of Korea Exchange Bank from Lone Star Funds. ... Lone Star considers suing South Korea gov't over Korea Exchange BankLone Star Funds may have finally run out of patience with the long-delayed sale of Korea Exchange Bank. A local Korean newspaper, The Korea Times, is reporting that the US buyout shop is considering suing the South Korean government if it drags its feet on approving the $6.3 billion sale of KEB to HSBC Holding plc past September.... Regulator may force Lone Star to sell shares of Korea Exchange BankMore banking headaches are on the way for Lone Star Funds, as the private equity fund may be forced to sell shares in portfolio company Korea Exchange Bank after missing a deadline to submit regulatory documents. However, luckily for Lone Star, the development is not expected to derail the firm's $6.3 billion deal to sell a controlling stake in the bank to HSBC Holdings plc, according to Reuters. ... HSBC, weary of the U.S., retreats to AsiaIt's fair to say you often get what you pay for. Back in 2002, British bank HSBC Holdings plc rolled the dice in what most analysts were saying was a risky bet for the largest consumer finance company at the time, Household International Inc., now known as HSBC Finance Corp. HSBC paid $15.3 billion in cash and stock for a company that specialized in auto finance, subprime mortgage lending and private label credit cards.... Lone Star's other storyLone Star Funds rode to Merrill Lynch & Co.'s rescue this week, agreeing to pay $6.7 billion for its shaky mortgage securities and garnering attention as one of the few brave buyers in the global credit crunch. In Seoul, meanwhile, Lone Star is mired in a very different story as it soldiers on its three-year attempt to sell Korea Exchange Bank. ... HSBC extends deadline for Korea Exchange Bank buyoutHSBC Holdings plc has extended the deadline for its troubled $6.2 billion acquisition of a 51% stake in Korea Exchange Bank from Lone Star Funds from April 30 to July 31.... Top tagsYou have executed a tag search on Dealscape. On the left,you will find a comprehensive list of stories tagged "Korea Exchange Bank." Below are the most-popular tags for Dealscape. On the right of the page you will find a search box to dig deeper into our content.
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