Entries tagged "Korea"
Striking workers faced off against riot police inside Ssangyong's last plant over a court order allowing the company to reduce its workforce by 36%.
More 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. ...
As rumors persist about a possible bid by South Korea's SK Telecom Co. Ltd. for Sprint Nextel Corp., thoughts turn to how the U.S. government might react. ...
Lone 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. ...
