NU Online News Service, Aug. 31, 2:42 p.m. EDT
The insurance brokerage business of South Africa-based Alexander Forbes will be acquired by insurance broker Marsh, a subsidiary of Marsh & McLennan Companies.
According to a spokesperson for Marsh, the firm will pay Alexander Forbes $116 million with an additional $44.6 million over the following two years, in tranches, depending upon certain revenue, operational and strategic targets.
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