Bradford & Bingley hit with fees for failed TPG deal

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Bradford & Bingley hit with fees for failed TPG deal

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07-07-2008, 11:36 AM

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Bradford & Bingley hit with fees for failed TPG deal

At the end of last week, Bradford & Bingley (B&B) announced it had been rescued by a group of UK investors, after US private equity firm Texas Pacific Group (TPG) pulled out of a deal, after credit rating agency, Moody’s, downgraded the lender’s debt. TPG walked away from a deal to inject £179 million into [...]

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