Marsh agrees to buy Sedgwick

Article Abstract:

Marsh and McLennan Companies Inc. has further consolidated its dominance in the global insurance-broking business through a buy of Sedgwick Group PLC for around $2 billion in cash. Marsh and McLennan, the world's largest insurance broker with $6 billion in annual revenue, acts as a intermediary between buyers of insurance and property-casualty insurers. Marsh and McLennan reported it will purchase the entire shelf capital of Sedgwick, the third-largest insurance broker in the world. Sedgwick chairman Sax Riley said the firms have strengths that compliment each other that will meet the need for providing services in all parts of the world. Takeover and merger of the operations are expected the officials from both companies to boost revenue and earnings by 2000.

Comment:

Further consolidates dominance in global insurance-broking business via buy of Sedgwick Group PLC for around $2 billion in cash

Insurance Agencies and Brokerages, Insurance Agents & Brokers, Insurance industry, Marsh & McLennan Companies Inc., Sedgwick Group PLC, Article

FTC seen close to approving Nestle-Purina deal

Article Abstract:

Nestle S.A.'s acquisition of Ralston Purina Co. is close to being approved by the US Federal Trade Commission (FTC). The deal is valued at $10.1 billion.

Switzerland, Nestle S.A., Powers and duties, United States. Federal Trade Commission, Ralston Purina Co., RAL

Unilever may increase Bestfoods bid

Article Abstract:

Unilever Group is considering increasing its bid to acquire US-based Bestfoods. Unilever's current offer stands at $18.3 million (19.64 billion euros).

Soap, Cleaners, and Toilet Goods, Soap, Cleaning Compound, and Toilet Preparation Manufacturing, Soaps, Detergents & Toiletries, Toiletries industry, Consumer goods industry, Soap and cleaning agents industry, Cleaning agents industry, Unilever Group, Bestfoods, BFO