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EverBank to buy GE Capital unit for $2.51 bln

Posted on 06 July 2012

Private equity-backed EverBank Financial Corp said it would buy GE Capital’s Business Property Lending Inc division for $2.51 billion to boost its ability to lend to small and mid-size companies, driving up its shares more than 4 percent.
EverBank, which went public in May and has a market value of about $1.3 billion, has used acquisitions to diversify its operations and increase its assets. The lender agreed to buy MetLife Inc’s warehouse finance business in February. ……………………………………….Full Article: Source


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