• English   Deutsch   
  •  GMT      
  • LONDON      
  • FRANKFURT      
  • NEW YORK      
  • SAO PAULO      
  • TOKYO      
  • SYDNEY      
Hedge Fund Database
Morgan Hedge Fund Database



  Hedge Fund Search
Name, ISIN, Ticker:

Hedge Funds Search Detailed Search
  Hedge Fund Directories
Listed Hedge Funds:9,895
HF Professionals:16,361
Service Provider:506
Lone Star cleared of stock price manipulation
  Hedgeweb - TUE, JUN 24 2008
News A South Korean high court on Tuesday cleared US private equity house Lone Star of manipulating the stock price of a former credit card unit of Korea Exchange Bank, rejecting an earlier ruling.

A lower court in February found both Lone Star and the head of Lone Star??s South Korean operations, Paul Yoo, guilty of driving down the share price of KEB??s former credit card unit by spreading rumours to allow the bank to buy the unit at below-market prices.

The verdict is widely expected to provide a catalyst to the stalled $6.3 billion sale of KEB by Lone Star to UK-based HSBC, although it may be difficult for the Lone Star-HSBC deal to win regulatory approval by a July 31 deadline.

© Morgan Hedge™ · HEDGEweb™
Morgan Hedge and HEDGEweb are Trademarks of morganhedge.com, TAA LLC and VIImedia S.A.