More Buyouts Expected to Unravel Amid Global Credit Crunch

January 2, 2008

News that mortgage and vehicle fleet company PHH Corp. terminated its $1.8 billion sale to General Electric Co. and Blackstone Group LP amid a global credit crunch is likely to be a harbinger of things to come in the buyout market during the next few months.

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More Buyouts Expected to Unravel Amid Global Credit Crunch

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