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Article: Marsh in the market for another big buy? Analysts say $2B deal possible, differ on targets.(News)
- Article from:
- Business Insurance
- Article date:
- December 8, 2008
- Author:
CopyrightCOPYRIGHT 2008 Crain Communications, Inc. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Byline: SALLY ROBERTS
NEW YORK-While Marsh & McLennan Cos. Inc. may be shopping the brokerage marketplace with $2 billion to spend, analysts' opinions vary about what the New York-based firm may buy.
MMC said late last month that it planned to issue up to $500 million in stock to fund future acquisitions. That sum and the roughly $1.5 billion in cash on its balance sheet make a deal in the $2 billion range possible, analysts say.
While some analysts look favorably on a large deal-especially one that fills out MMC's soon-to-be-launched small-account agency initiative-others say smaller, more strategic deals make better sense.
"We have ...
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Article: MMC Issues Statement.
Business Wire;
January 10, 2005 ;
700+ words
...NEW YORK -- Marsh & McLennan Companies, Inc. (MMC) issued the following statement ... stock (ticker symbol: MMC) is listed on the New York, Chicago, Pacific, and London stock exchanges. MMC's website address is www ...
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