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Anticipate your clients' tax questions on Social Security, annuities and a range of investment products
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A deep dive into how advisors can best serve the evolving needs of their wealthiest clients
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Anticipate your clients' tax questions on Social Security, annuities and a range of investment products
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A deep dive into how advisors can best serve the evolving needs of their wealthiest clients
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Anticipate your clients' tax questions on Social Security, annuities and a range of investment products
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Go deeper on emerging topics, as well as key firms and thought leaders
A deep dive into how advisors can best serve the evolving needs of their wealthiest clients
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Anticipate your clients' tax questions on Social Security, annuities and a range of investment products
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Go deeper on emerging topics, as well as key firms and thought leaders
A deep dive into how advisors can best serve the evolving needs of their wealthiest clients
Tax Facts
Anticipate your clients' tax questions on Social Security, annuities and a range of investment products
Popular Financial Topics
Go deeper on emerging topics, as well as key firms and thought leaders
February 26, 2007 at 12:26 PM
A U.S. investment bank and a British private equity firm have agreed to pay $1.8 billion for Hub International Ltd., a large insurance broker.
Hub, Chicago, sells life insurance, health insurance and employee benefits as well as property-casualty insurance.
The would-be acquirers are private equity funds advised by a unit of Apax Partners L.P., London, and an investment company affiliated with Morgan Stanley & Company Inc., New York.
The announced price is 28% higher than the 90 trading day average Hub closing stock price, Hub says.
Hub has a right to find an alternative buyer and walk away from the deal if it pays a $21 million break-up fee, the company says.
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