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GE Capital Ties Kemper Deal to Vote: General Electric Co.’s finance unit said it will drop its $2.1-billion bid for Kemper Corp. unless investors vote for its slate of candidates for Kemper’s board at the company’s annual meeting next week. “If we win, our nominees are committed to an immediate sale of Kemper for at least $55 a share,” General Electric Capital Corp. President and Chief Executive Gary Wendt said in a letter to Kemper shareholders. “If not, we will withdraw our proposal.” GE Capital has proposed a slate of four directors for the Long Grove, Ill., insurance, asset management and brokerage firm.
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