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Conseco Gets $1.4 Billion For GM Building

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NU Online News Service, Sept. 29, 2003, 1:02 p.m. EDT – Conseco Inc., Carmel, Ind., says it has sold the General Motors Building in New York for $1.4 billion, or $735 per square foot.

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The deal will add $380 million to the statutory capital and surplus of Conseco’s insurance companies.