Murder by credit crisis: busted deals

A spate of big mergers announced in the first half of 2007, including three planned by Cerberus, died after the markets froze in August.

Buyer: GE Capital and Blackstone
Acquisition price (including net debt assumed): $1.7 billion
Reason given for termination: GE was to buy PHH, then flip certain operations to Blackstone - but Blackstone couldn't secure financing.
Sources: Thomson Financial; Fortune Research
Last updated January 23 2008: 9:22 AM ET
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