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Blackstone Pays PHH Penalty
January 2008 | Private Equity News AlertSorry, you must be a subscriber to view this article in full. If you are a subscriber please login.
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PHH, the New Jersey mortgage and leasing company locked in a row with Blackstone over its stalled merger agreement, announced that Blackstone had finally caved and honoured a $50 million termination fee that had formed the subject of bitter dispute.