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...The buy-out of PHH, a former unit of Cendant, was agreed in March for $31.50 per share and structured as a full takeover by GE, after which the mortgage business would be sold to Blackstone....
...The buy-out of PHH, a former unit of Cendant, was agreed in March for $31.50 a share and structured as a two-step deal in which GE would buy the company and sell the mortgage business to Blackstone, which...
...Investors checked into hotel chain Wyndham Worldwide after it said it would receive $760m from its sale of real estate group Cendant and use the money to pay down debt....
...Paragon, the buy-to-let mortgage provider, lost 6.1 per cent to 358p following a report in the Financial Times that the government was cracking down on get-rich-quick schemes aimed at property investors....
...Orbitz shares on Wednesday surged 31 per cent amid reports Cendant was near a takeover of the fast-growing internet travel site....
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