Monday, April 2, 2007

Lone Star selling stake in Tokyo Star Bank -sources

(Reuters) - Several buyout firms are in the running to buy all or part of Lone Star's 68 percent stake in Tokyo Star, the sources said.

Lone Star is looking to sell at least half its Tokyo Star holdings, or a third of the bank's outstanding stock, and has already completed one round of bidding in which several potential buyers were eliminated, the sources said.


Read more at Reuters.com Mergers News

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