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May 6, 2005

Berkshire to buy GE insurer for $825 mln

NEW YORK (Reuters) - A unit of Warren Buffett’s Berkshire Hathaway Inc. BRKa.N on Friday agreed to buy General Electric Co.’s GE.N Medical Protective Corp. unit, a malpractice insurer for doctors and dentists, for $825 million, its biggest purchase in nearly two years.

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