Financial M&A » By The Online Investor Staff, updated Tue., Aug. 9, 4:38 AM
Recent mergers and acquisitions in the Financial M&A category.
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Slide #2. Marsh & McLennan Agency — Kinker-Eveleigh
Acquirer:
Marsh & McLennan Agency (NYSE:MMC)
Acquiree:
Kinker-Eveleigh
Details:
Marsh & McLennan Agency LLC (MMA), a subsidiary of insurance broker Marsh LLC, today announced it has acquired Kinker-Eveleigh Insurance Agency, a $3.5 million revenue agency located in Cincinnati, Ohio. Terms of the transaction were not disclosed.
Marsh & McLennan Companies is a holding company. Through its subsidiaries, Co. is engaged as a services firm in the areas of risk, strategy and people. Co. conducts business through two segments: Risk and Insurance Services, which includes risk management activities (risk advice, risk transfer and risk control and mitigation solutions) as well as insurance and reinsurance broking and services and Co. conducts business in this segment through Marsh and Guy Carpenter; and Consulting, which includes health, wealth and career services and products, and other management, economic and brand consulting services and Co. conducts business in this segment through Mercer and Oliver Wyman Group.
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Avg. Broker Rec.
 
|
Buy (2.67 out of 4) 3rd percentile
(ranked lower than approx. 97% of all stocks covered)
Analysts' Target Price: MMC Stock Forecast Based on Zacks ABR data; powered by Xignite |
