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GE Commercial Finance announced that it has agreed to acquire the majority of the CIT Group Inc.'s corporate aircraft portfolio approximately of $1 billion in assets for an undisclosed amount. The deal includes $700 million in loans and $200 million in leases on 380 aircrafts. Also, Jarden Corporation has reached a definitive agreement to acquire The Holmes Group, Inc. from Berkshire Partners, a Boston-based private equity group, in a cash and stock deal valued at approximately $625 million.
July 07, 2005 at 12:00 AM
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