IndyMac bought for $13.9 billion

IMB Management Holdings LP and its group of investors signed an agreement to take over IndyMac Bank, the Federal Deposit Insurance Corporation this New Year. With their terms not being released at this time but the AP said it to be worth 13.9 billion and is to be finalized the the end of this month so said the FDIC.

Posted by John Kim on 01/03/2009 07:32 PM

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John Kim

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