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Banks Might Derail Home Depot Deal

Private equity threatens lawsuit as financing dries up

By Jason Farago, Newser Staff

Posted Aug 24, 2007 7:10 AM CDT

(Newser) – The pending sale of part of Home Depot took an ugly turn last night as three banks and three private equity firms entered into a showdown over financing. Home Depot dropped its asking price by over $1 billion, but the banks involved—JPMorgan Chase, Lehman... Read full story »

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Banks Might Derail Home Depot Deal

Private equity threatens lawsuit as financing dries up

private equity • Carlyle Group • Bain Capital • Merrill Lynch • Lehman Brothers • Home Depot • buyout • credit crisis • JPMorgan Chase

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