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Reuters ahead as consortium drops $15 billion Fidelity bid

Reuters ahead as consortium drops $15 billion Fidelity bid

Reuters was first to report on May 17 that the biggest planned leveraged buyout since the financial crisis had collapsed. The story reported that the private equity consortium bidding $15 billion for Fidelity National had dropped its bid, beating Bloomberg and Dow Jones. Fidelity’s shares dropped 7 percent in after-hours trading on the news. The deal`s collapse was front page news for the Wall Street Journal and others the next day.

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