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.
A Super Yacht Armada Came to Miami, Leaving a Marine Graveyard in Its Wake 
Bayer’s Supreme Court Win in Roundup Case No ‘Silver Bullet’ 
US House Passes Bill to Extend Federal Terrorism Backstop Through 2034 
Viewpoint: Why Florida Property Insurance Rates Might (and Might Not) Keep Falling 
