Marsh & McLennan will buy Sedgwick

Article Abstract:

Insurance broker Marsh and McLennan Companies (NY) will buy Britain's Sedgwick Group for approximately $2 billion dollars. By acquiring the third-largest broker, Marsh will strengthen its dominance of the industry, raising its U.S. market share to 16%. Sedgwick had been the last available takeover target of size, a fact reflected in its high selling price of $3.67 per share. Marsh chairman A.J.C. Smith expects the consolidation of the two firms' facilities to yield savings of $150 million annually.

Comment:

To acquire Sedgwick Group PLC for about $2 billion, UK

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

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TRW to buy Lucas Varity for $7 billion

Article Abstract:

British auto-parts maker Lucas-Varity PLC has agreed to be acquired by TRW Inc. for $7 billion. The two expect to save $200 million to $300 million annually after three years by closing unprofitable facilities and other economies of scale.

Comment:

Will acquire Lucas-Varity PLC for $7 billion

Motor vehicle parts and accessories, Motor Vehicle Parts, Motor Vehicle Parts Manufacturing, Automobile equipment and supplies industry, Automotive parts industry, Mergers, acquisitions and divestments, Automotive parts, Abstract, TRW, Northrop Grumman Space & Mission Systems Corp., LucasVarity PLC, LVA

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