TFN NEWS BRIEFING: Mergers and acquisitions highlights to 09:20 BST

TFN NEWS BRIEFING: Mergers and acquisitions highlights to 09:20 BST

	Published : Fri, 22 Jun 2007 09:37 By : Agencies Print this Story

2007-06-22 09:01:46

OFFICIALLone Star confirms 13.6 pct Korea Exchange Bank stake sale

SEOUL (XFN-ASIA) - US private equity fund Lone Star has confirmed that it

has sold a 13.6 pct stake in South Korea's fifth largest lender Korea Exchange

Bank, raising over 1.28 bln usd, and expressed its intention to sell the

remainder of its holdings to a strategic investor.

2007-06-22 09:00:26

NYSE Euronext submits offer for Borsa Italiana, rivalling LSE - report

PARIS (Thomson Financial) - NYSE Euronext Inc has submitted a preliminary

offer for Italian markets operator Borsa Italiana SpA, bidding against London

Stock Exchange Group PLC, the Wall Street Journal reported, citing people

familiar with the matter.

2007-06-22 08:49:31

Pirelli RE, Morgan Stanley jv up offer on Tecla fund to 690 eur per unit

MILAN (Thomson Financial) - Gamma RE, the joint venture between Pirelli Real

Estate SpA and Morgan Stanley Special Situations Fund, upped its offer on the

Tecla real estate fund focused in the office sector from 678 eur per unit to 690

eur, representing a 1.8 pct premium to the fund's net asset value (NAV) at the

end of 2006.

2007-06-22 08:39:45

Lone Star confirms 13.6 pct KEB stake sale; to sell rest to strategic investor

SEOUL (XFN-ASIA) - US private equity fund Lone Star has confirmed that it

has sold a 13.6 pct stake in South Korea's fifth largest lender Korea Exchange

Bank, raising 1.28 bln usd, and expressed its intention to sell the remainder of

its holdings to a strategic investor.

2007-06-22 08:36:10

NYSE-Euronext will not comment on reports of rival bid on Borsa Italiana

AMSTERDAM (Thomson Financial) - NYSE Euronext Inc did not want to comment on

reports that the combined stock exchange is preparing a bid for Borsa Italiana

to rival a purported bid by London Stock Exchange Group (LSE).

2007-06-22 08:31:41

SKorea's Woongjin to take over Kukdong Engg & Const for 660 bln won

SEOUL (XFN-ASIA) - Woongjin Holdings Co said it will take over Kukdong

Engineering & Construction Co for 660 bln won by purchasing a stake held by US

private equity fund Lone Star.