UPDATE 1-Lone Star extends tender offer for Accredited Home

(Reuters) - The date has been extended till Aug. 14 because Accredited
Home had not obtained regulatory approvals required to close
the tender offer by the previous deadline of July 27, Lone Star
said.




About 33 percent of the total outstanding shares of
Accredited Home's common stock had been tendered as of Friday.


Read more at Reuters.com Government Filings News

CORRECTION: HSBC interested in KEB, contacted Lone Star: paper

(Reuters) - Dallas-based Lone Star is looking for a strategic buyer for its remaining 51 percent stake in KEB, South Korea's fifth-biggest lender, after it sold a 13.6 percent in the bank for $1.28 billion in June. The 51 percent stake is worth $4.95 billion at current market prices.




Continuing legal proceedings over Lone Star's 2003 purchase of KEB, however, have delayed a deal.


Read more at Reuters.com Business News

HSBC interested in KEB, contacting Lone Star: paper

(Reuters) - Pending legal proceedings over Lone Star's 2003 purchase of KEB, however, have delayed a deal.




Citing people close to the situation, the Daily Telegraph reported that HSBC's expression of interest was "extremely preliminary and contingent upon a resolution of ongoing criminal investigations into KEB's sale in 2003 to Lone Star."


Read more at Reuters.com Mergers News

Lone Star Sells Minority Stake in Korea Exchange Bank for $1.3 Billion

(Bloomberg) -- Lone Star Funds, the U.S. buyout firm
founded by John Grayken, raised 1.19 trillion won ($1.3 billion)
selling a minority stake in Korea Exchange Bank, seven months
after scrapping the sale of its controlling interest.

Lone Star sold 87.7 million Korea Exchange shares,
equivalent to a 13.6 percent stake, at 13,600 won each, according
to documents e-mailed by Credit Suisse Group, which arranged the
sale. The price was a 6.8 percent discount to yesterday's close.


Read more at Bloomberg Emerging Markets News

South Korean Chipmaker Stocks Advance on DRAM Price Rise; Samsung Climbs

(Bloomberg) -- South Korea's chipmaker stocks rose,
led by Samsung Electronics Co. on speculation a rebound in
prices for dynamic random access memory, or DRAM, will help
improve profit.

Korea Exchange Bank dropped after Lone Star Funds sold a
13.6 percent stake in the company for 1.19 trillion won ($1.3
billion).


Read more at Bloomberg Stocks News

Singapore's DBS in talks to bid for Korea's KEB: sources

(Reuters) - The Singapore bank, Southeast Asia's largest, is working to form a consortium with South Korean bank Nonghyup to buy KEB from U.S. buyout fund Lone Star , one of the sources familiar with the situation told Reuters.

KEB is controlled by U.S. buyout fund Lone Star and is one of the few remaining targets in South Korea's banking sector for foreign buyers seeking growth. But a legal battle over Lone Star's 2003 purchase of KEB has put a sale on hold.


Read more at Reuters.com Business News