(Bloomberg) -- South Korean stocks fell. Korea
Exchange Bank dropped the most in four months after controlling
shareholder Lone Star Funds sold a 13.6 percent stake, raising
concern the value of mergers and acquisitions involving the
lender will shrink.
Kookmin Bank, which had planned to buy Korea Exchange before
Lone Star shelved the deal last year, also slid.
Read more at Bloomberg Stocks News
Exchange Bank dropped the most in four months after controlling
shareholder Lone Star Funds sold a 13.6 percent stake, raising
concern the value of mergers and acquisitions involving the
lender will shrink.
Kookmin Bank, which had planned to buy Korea Exchange before
Lone Star shelved the deal last year, also slid.
Read more at Bloomberg Stocks News
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