Berkshire to buy ING unit for $441 million
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NEW YORK/AMSTERDAM  - Warren Buffett's Berkshire Hathaway Inc , in its second acquisition this week, agreed to buy the NRG NV reinsurance unit of ING Group NV  for about 300 million euros ($441 million).
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The Dutch banking and insurance group ING said it had reached an agreement in principle to sell its troubled German unit ING BHF-Bank to the German private bank Sal. Oppenheim.
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Similar deals are expected to follow Bank of America Corp's  agreement on Friday to acquire battered mortgage lender Countrywide Financial Corp  for a knock-down price of $4 billion in stock.
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LONDON, November 22  - Dutch banking and insurance company, ING Group (INN.ETR), has agreed to sell its Baring Asset Management division in two separate deals, for collective net gains of about â¬250 million.
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Manor Care Inc. , the largest U.S. owner of nursing homes, on Monday said it agreed to be acquired by Carlyle Group for $4.9 billion, the latest health-care provider taken off the public market by a private equity buyer.
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Similar deals are expected to follow  Bank of America Corp's  agreement on Friday to acquire  battered mortgage lender Countrywide Financial Corp  for  a knock-down price of $4 billion in stock.
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TXU Corp.  said it agreed to be acquired  by a group led by private equity firms Kohlberg Kravis Roberts  & Co.  and Texas Pacific Group  for about $45  billion including debt.
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Berkshire Hathaway said Tuesday that it would pay $4.5 billion for a controlling stake in Marmon Holdings, an industrial conglomerate owned by the Pritzkers.
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Bank of New York Co. Inc.  on Monday announced plans to buy Mellon Financial Corp.  for about $16.5 billion, creating a powerhouse in securities servicing and asset management.
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Investment bank Merrill Lynch  has seized $400 million in assets of a troubled hedge fund at Bear Stearns Cos. Inc.  and plans to sell them off, The Wall Street Journal reported in its weekend edition.
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Bank of America Corp. brought its Block by Block community reinvestment program to Massachusetts yesterday, kicking it off with a $40 million investment to turn an old Lawrence mill into 155 rental apartments that eventually will be converted to condominium units.
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Bank of America Corp on Friday said it agreed to acquire struggling mortgage lender Countrywide Financial Corp for about $4 billion  (2.04 billion pounds) in stock, a move that could help avert one of the biggest collapses in the U.S. housing crisis.
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Texas power company TXU Corp.  has agreed to be acquired by private equity firms Kohlberg Kravis Roberts & Co.  and Texas Pacific Group  for about $32 billion in the largest leverage buyout in history, Bloomberg News reported on Monday.
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The Manulife Financial Corporation, a Canadian life insurance company, said it would buy the Berkshire-TWC Financial Groupâs mutual fund and securities dealerships to bolster its Canadian wealth management business. Manulife said the deal would double its number of Canadian wealth management advisers and triple its assets under administration in that business. The deal is part of a plan by Manulife of Toronto to expand its mutual funds unit. The takeover creates a sales force of 1,500 independent advisers and a business with about 19 billion Canadian dollars ($17.7 billion) in assets under administration. The price was not disclosed.
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ING, the Dutch bank which bought Baring in 1995 for Â£1 after rogue trader Nick Leeson ran up losses of more than Â£800m, ending its use of the Baring name.
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Global Tower Partners, a U.S. wireless tower operator, is to be bought by a consortium of infrastructure funds managed by members of Australia's Macquarie Group in a deal valued at $1.4 billion.
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Bank of New York Co.  on Monday agreed to buy Mellon Financial Corp. , one of the most storied names in American finance, for $16.5 billion, creating a powerhouse in asset management and in providing custody services to institutional investors.