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Mortgage Insurer MGIC to Buy Radian for $5.47B

February 5, 2007

Mortgage insurer MGIC Investment plans to buy rival Radian Group Inc. for about $5.47 billion, the companies said on Tuesday, a move that will allow them to cut costs amid shrinking demand that has been hurt further by a slowing housing market.

*For more on this story,

read the full Reuters article.

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