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Blackstone Group to Acquire UICI |
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10:09 AM ET September 15 2005 |
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Private equity firm Blackstone Group is close to an agreement to acquire UICI, a nontraditional health- insurance companyin a $1.2 billion deal. Blackstone is expected to sell about $250 million of equity in the deal to two other investment firms, including DLJ Merchant Banking Partners, the private-equity arm of Credit Suisse Group's Credit Suisse First Boston. |
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