Integrated Resources in Deal With Broad Inc.:...
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Integrated Resources in Deal With Broad Inc.: Integrated Resources, an ailing financial services firm, reached an agreement to sell its general partnership interests in and its advisory agreements with four American Insured Mortgage Investors limited partnerships. The buyers are a partnership affiliated with Goldman, Sachs & Co. and Broad Inc., a Los Angeles financial firm. The agreement was branded as “tainted with conflicts of interest” by CRI Insured Mortgage Assn., which has made an unsolicited bid to acquire Integrated’s interests in the partnerships.
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