Reuters: B&B set to announce Texas Pacific rescue deal: source

[chris]

B&B set to announce Texas Pacific rescue deal: source
      

LONDON (Reuters) - U.S. private equity firm Texas Pacific Group  is set to take a 20 percent stake in Bradford & Bingley  for 150 million pounds ($296 million) in a much-needed boost for the embattled UK mortgage lender, a source familiar with the matter said on Monday.
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