Lone Star Funds
Lone Star Funds are closed-end, private-equity limited partnerships that include corporate and public pension funds, university endowments, foundations, bank holding companies, family trusts and insurance companies. Since 1995, the principals of Lone Star have organized private equity funds totaling more than $13.3 billion to invest globally in secured and corporate unsecured debt instruments, real estate related assets and select corporate opportunities.
Lone Star Funds made headlines in July 2008 after buying $30.6 billion gross notional amount of U.S. super senior ABS CDOs for $6.7 billion (22 cents on the dollars) from Merrill Lynch (NYSE: MER), with Merrill financing 75% of the purchase price.
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Unusual 11 Mid-Day Movers 1/22: SOMX, LGN, HDSN, TRGL Higher; ISR, HAFC, CRIS, PRWT Lower
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Morning Movers 1/22: SOMX, LGN, STBK, PIP, WHRT, TRGL Higher; CRIS, DEAR, MBHI, ISR, AMD, ACHN Lower
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Notable Mergers and Acquisitions of the Day 01/22: LGN, WTM, HSY/CBY
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Lodgian (LGN) To Be Acquired by Lone Star Funds Affiliate for $2.50/Share
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Lone Star Funds to Sell $239 Million of Subprime Debt
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China's Sovereign-Wealth Fund Looks For Deals In U.S. Real Estate
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Could Hedge Funds Be Emerging As The New Mortgage Middleman?
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Is Merrill Lynch (MER) Next?
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Merrill's (MER) CEO Thain Said No Put on CDO Sale - CNBC
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StreetInsider.com Top 10 News Items 7/28-8/1: Merrill, ImClone, Biogen/Elan, More...
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Lehman Brothers (LEH) Considering Merrill-Like Fire Sale of Mortgage Assets - NYP
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Merrill Lynch (MER) Announces Sale of U.S. ABS CDOs; To Issues $8.5 Billion in Common Stock
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CIT Declares Dividend of 10c; Announces Completion of Home Lending Sale
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Unusual 11 Mid-Day Movers 7/1: HYGS, COIN, CIT, VSE Higher; DTG, EMKR, VLNC, AOI Lower
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Notable Mergers and Acquisitions of the Day 7/1 (CIT, UTSI, GA)
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Pre-Open Movers 7/01: CIT Group (CIT) Higher on Home Lending Biz Sale; Fortune Brands (FO) Lower on Warning
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CIT Group (CIT) Sells Home Lending Biz to Lone Star Funds

