Marsh & McLennan Companies, Inc. reported that it has completed the sale of Putnam Investments to Great-West Lifeco Inc., a financial services holding company controlled by Canada-based Power Financial Corp.
Under terms of the agreement, MMC sold Putnam Investments to Great-West Lifeco for $3.9 billion in cash. After accounting for taxes and minority interest, MMC will net approximately $2.5 billion in cash proceeds.
Source: Marsh & McLennan Companies, Inc.
www.mmc.com
Was this article valuable?
Here are more articles you may enjoy.
Good Times for US P/C Insurers May Not Last; Auto Challenges Ahead 
CEOs on Guard as Trump Rattles Companies With Series of Edicts 
Florida Lawmakers Ready for Another Shot at Litigation Funding Limits 
Georgia Republicans Move to Scrap State Income Tax by 2032 Despite Concerns 
