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Trouble

A Korean judge ordered Lone Star’s former head of Seoul operations, Paul Yoo, to be arrested, saying he was a flight risk, Reuters reported. The arrest is the latest incident in the drama of Lone Star’s attempts to sell its majority stake in Korea Exchange Bank. The buyout firm planned to sell KEB to Hana Financial Group for $4.1 billion, but the deal has been halted by charges that Lone Star manipulated stock prices in the run-up to its acquisition, Reuters wrote.