Chase Manhattan Corp. and Goldman Sachs & Co. have pledged their support to finance Cypress Group's buyout of General Host Co., operators of Frank's Nursery and Crafts Stores.

Cypress Group, a New York-based private equity group formed by veterans of Lehman Brothers Inc., said last week that it would buy General Host, of Stamford, Conn., for $320 million in cash and take on $171 million of debt.

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