Hunt Group May Raise First Executive Stake:...
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Hunt Group May Raise First Executive Stake: Rosewood Financial Partners, a Texas investment partnership controlled by oil heiress Caroline Rose Hunt, filed with the Federal Trade Commission for clearance to buy up to 50% of First Executive, the Los Angeles-based insurance concern. Rosewood refused to comment on whether it intends to acquire control of First Executive. Rosewood, which this week upped its First Executive stake to 9.95% from 9.7%, previously said it is seeking to buy a 20% stake owned by ICH, a Kentucky insurance company.
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