Marsh & McLennan. - Stmt re Press Comment
July 01 1997 - 3:24AM
UK Regulatory
RNS No 7352d
MARSH & MCLENNAN CO INC
30th June 1997
MARSH-&-MCLENNAN Marsh & McLennan Companies, Inc.
denies discussions to sell Putnam Investments, Inc.
NEW YORK--(BUSINESS WIRE)--June 30, 1997--Commenting on a story
in this mornings edition of The Wall Street Journal, Marsh &
McLennan Companies, Inc. stated that Putnam Investments, a wholly
owned subsidiary, is not for sale. Marsh & McLennan Companies also
said that the company has not had discussions with any party,
including J.P. Morgan, concerning the sale of Putnam.
Marsh & McLennan Companies is a professional services firm with
insurance and reinsurance broking, investment management and
consulting businesses. More than 36,000 employees worldwide provide
analysis, advice and transactional capabilities to clients in over
100 countries. Marsh & McLennan Companies stock (ticker symbol: MMC)
is listed on the New York, Chicago, Pacific and London stock
exchanges.
CONTACT: Barbara Perlmutter Andrew R. Baer
MARSH & McLENNAN COS. KEKST AND COMPANY
212/345-5585 212/521-4828
END