Canadian Insurance Giant to Buy Putnam Investments
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Great-West Lifeco said it would acquire Putnam Investments from the Marsh & McLennan Companies for about $3.9 billion.
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The Onex Corporation, Canadaâs largest investment firm, has joined the Canadian Pension Plan Investment Board in its bid for Bell Canada, the countryâs largest telephone company. Onex will bring additional capital to the bid and help ensure that the pension fundâs bid meets Canadian ownership requirements for telecommunications companies. Others in the bidding group include Kohlberg Kravis Roberts and Caisse de DÃ©pÃ´t et Placement du QuÃ©bec, that provinceâs biggest pension fund. Bell, which changed its name from BCE last week, has formally recognized two other bidding groups, one led by the Ontario Teachersâ Pension Plan, Bellâs largest stockholder with 6.3 percent of its shares, and the other led by Cerberus Capital Management working with unnamed Canadian investors.
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GNC Corp. , the leading  retailer of vitamins and nutrition products, agreed to be  acquired by Ares Management LLC and the Ontario Teachers'  Pension Plan in a deal with a total enterprise value of $1.65  billion.
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NEW YORK/AMSTERDAM  - Warren Buffett's Berkshire Hathaway Inc , in its second acquisition this week, agreed to buy the NRG NV reinsurance unit of ING Group NV  for about 300 million euros ($441 million).
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Berkshire Hathaway Inc , the conglomerate headed by billionaire investor Warren Buffett, said on Tuesday it planned to buy 60 percent of manufacturing and services group Marmon Holdings Inc. for $4.5 billion.
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THE REGION Putnam Investments said Deborah F. Kuenstner, managing director and chief investment officer of the mutual fund firm's Large-Cap Value investment team and International Value team, will leave the company at year-end. Kuenstner has also been an executive board member and management team leader for the $1 billion Putnam Classic Equity fund. Josh Brooks, chief investment officer of the ...
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PacifiCare Health Systems Inc. (PHS.N: Quote, Profile, Research) said on Wednesday it agreed to buy American Medical Security Group Inc.
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Officials of embattled Marsh &amp; McLennan Cos. yesterday moved to squelch speculation that its Boston money management firm, Putnam Investments, will be divorced from its corporate parent, either in a sale to an outside buyer or through a private buyout engineered by Putnam executives.
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Toronto Dominion Bank TD.TO, Canada's  second-biggest by assets, said on Thursday it would acquire a  majority stake of U.S.-based Banknorth Group Inc. BNK.N,  while also boosting its dividend and reporting a 17-percent  rise in profits.
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Warren E. Buffett agreed Tuesday to buy a $4.5 billion stake in Marmon Holdings, an industrial holding firm, with the goal of someday owning all of it.
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The Jefferies Group said it had acquired the Putnam Lovell investment banking business, a provider of merger advice to asset managers and broker dealers, from National Bank Financial Group of Canada. Terms were not disclosed. Jefferies, an underwriter and merger adviser to midsize companies, said this is the fifth industry-focused M.& A. group it has acquired in less than five years. The purchase will expand Jefferiesâ ability to make deals in the asset management sector.
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Toronto Dominion Bank (TD.TO), Canada's second-biggest by assets, said on Thursday it would acquire a majority stake of U.S.-based Banknorth Group Inc. (BNK.N), while also boosting its dividend and reporting a 17-percent rise in profits.
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Canada's T.D. Bank Financial Group is buying a controlling stake in Maine-based Banknorth for $3.8 billion.
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TOKYO (CBS.MW) - General Electric Co. said Wednesday it will buy Australian Financial Investments Group, a holding company for home loan lenders, to boost its mortgage business in that country.
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Berkshire Hathaway Inc (BRKa.N), the  conglomerate headed by billionaire investor Warren Buffett,  said on Tuesday it planned to buy 60 percent of manufacturing  and services group Marmon Holdings Inc. for $4.5 billion.
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Prime Hospitality, a Fairfield company that operates AmeriSuites, Wellesley Inns and Suites and Prime Hotels, said yesterday it has agreed to be acquired by the Blackstone Group, a private equity group, for $590 million, plus assumed debt.
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BCE Inc , Canada's largest telecommunications group, announced the biggest buyout in Canadian corporate history on Saturday, accepting an offer worth C$51.7 billion ($48.5 billion), including debt, from a group including the Ontario Teachers Pension Plan.