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| | TheStreet.com: Dexia to Buy Financial Security Assurance Holdings |
 | | Dexia, Europe's largest municipal lender, has agreed to acquire Financial Security Assurance Holdings (FSA:NYSE - news), the New York-based bond insurer, for about $2.6 billion in cash. |
 | | Dexia, based in Brussels and Paris, closed Tuesday trading on the Paris bourse up 5.70 euros, or 4%, to 137.10 euros. |
 | | Dexia operates through Credit Local de France, which specializes in lending to local authorities and public sector project finance; Credit Communal de Belgique, a Belgian retail bank; and Banque Internationale a Luxembourg, which operates asset management, private banking and fund administration activities. |
| www.thestreet.com /brknews/brokerages/900117.html (417 words) |
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