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GE Capital to acquire Heller Financial in $5.3 billion deal

General Electric Capital Corp., a financial services company, has entered into a definitive merger agreement to acquire Heller Financial Inc. for $5.3 billion in cash, or $53.75 per share. The merger agreement provides for a cash tender offer by GE Capital, a subsidiary of the General Electric Co., for all of Heller’s outstanding common stock, which will commence within the next five business days. GE Capital has also entered into an agreement with The Fuji Bank, Limited, which owns 100% of the Class B common shares of Heller. Fuji Bank has agreed to tender all of its shares ...

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