Marsh & McLennan says it is soliciting potential offers for its Putnam Investments money management unit – but has only begun the process, according to Reuters. The firm, which has lost about a third of its assets under management since the mutual fund trading scandal broke in 2003, could fetch $3 billion to $6 billion in a sale, according to the report.
Marsh & McLennan Looking For Buyer For Putnam, Says Reuters
Marsh & McLennan says it is soliciting potential offers for its Putnam Investments money management unit but has only begun the process, according to Reuters. The firm, which has lost about a third of its assets under management since the
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