Lone Star Wants to Renegoriate

Lone Star Fund wants to renegotiate its deal with HSBC Holdings concerning the sale of a controlling 51% interest in a South Korean-based bank. Lone Star had agreed on August to sell its 51 percent stake in Korea Exchange Bank to UK-based HSBC for $6.43 billion. The current contract is slated to expire on April 30. www.lonestarfunds.com