Sunday, June 3, 2007

UPDATE 1-Blackstone to buy brokerage Alliant Insurance

(Reuters) - NEW YORK, June 3 - The Blackstone Group [BG.UL]
struck a deal to buy its first insurance brokerage firm, saying
on Sunday it will purchase privately held Alliant Insurance
Services Inc.




Terms of the deal were not disclosed, but a source close to
the process said Blackstone will pay $1.2 billion.


Read more at Reuters.com Mergers News

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