Court Lets Conseco Sell Finance Unit

NU Online News Service, March 14, 2003, 6:47 p.m. EST – The U.S. bankruptcy court in Chicago today approved the efforts of Conseco Inc., Carmel, Ind., to sell its consumer finance unit for $1.1 billion to two companies.

The would-be buyers are CFN Investment Holdings L.L.C., New York, and a unit of General Electric Company, Fairfield, Conn.