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SVB Financial Group entered into a definitive purchase agreement with the management team bidder group led by Jeff Leerink, SVB Securities' Chief Executive Officer and Founder, and backed by funds managed by The Baupost Group L.L.C., for the sale of its investment banking business, SVB Securities. A hearing to seek required court approval is...

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New York ,United States ,Jeff Leerink ,Restructuring Committee ,Board Restructuring Committee ,Bankruptcy Court ,Baupost Group ,Us Bankruptcy Court ,Financial Group ,Chief Executive Officer ,Bill Kosturos ,Chief Restructuring ,Southern District ,

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