Finova Considering GE, Goldman Offer

Bankrupt loan provider Finova Group Inc., which arranged a $6-billion bailout in March with Warren Buffett’s Berkshire Hathaway Inc. and Leucadia National Corp., said it is prepared to review a $7-billion counteroffer from GE Capital, Goldman, Sachs & Co. and creditors.

Scottsdale, Ariz.-based Finova, which filed for bankruptcy protection in March, said it had been contacted about a letter of intent a creditor group had entered into with GE Capital and Goldman Sachs. Under the deal, GE Capital would manage Finova and along with Goldman would provide $7 billion of liquidity to the troubled lender.