Great-West Lifeco set to Buy Putnam Investments
Power Corporation of Canada’s Great-West Lifeco ends much awaited speculation by announcing the acquirement of Putnam Investments from the Marsh & McLennan Companies for $3.9 billion approximately. The purchases of Putnam will double Great-West’s assets worldwide. Great-West claims to be a North America’s fifth-largest life insurer, its sister subsidiary, IGM Financial, manages about $92.4 billion [...]
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