PMI Group, others to acquire GE unit for $2.1 billion - 2003-08-04
It's done. After weeks of speculation, The PMI Group Inc. said it, along with a group of investors, will acquire Financial Guaranty Insurance Co. from General Electric Capital Corp. for $2.16 billion.
Walnut Creek-based mortgage and lending services firm PMI will take about a 42 percent stake in the firm, with The Blackstone Group and The Cypress Group each owning about 23 percent of the newly acquired firm.
Read the full story at San Francisco Business Times