18 May 2004

Marsh & McLennan Agrees to Buy Kroll for $1.9 Billion in Cash

Marsh & McLennan Agrees to Buy Kroll for $1.9 Billion in Cash:

May 18 (Bloomberg) -- Marsh & McLennan Cos., the world's largest insurance brokerage, said it agreed to buy security firm Kroll Inc. for $1.9 billion in cash.

Kroll shareholders will receive $37 a share, a 32 percent premium to Kroll's closing share price on the Nasdaq Stock Exchange, the New York-based brokerage said in an e-mailed statement."

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