A deal the dealmaker could not refuse
Employee Benefit Adviser, May, 2007 by Robert L. Whiddon
Earlier this year the perennial insurance firm acquirer acquiesced to a deal of its own. Hub International took Apax Partners and Morgan Stanley Principal Investments up on their late February offer of $40 a share. Since that time the price has increased as other suitors showed their interest.
While the details of the private equity deal continue to fall into place, Hub CEO and chairman Martin Hughes told Employee Benefit Adviser that the company's new ownership structure will not change its position as a frequent buyer of independent firms in the U.S.
"We intend to be just as aggressive in the acquisition arena as we have been," Hughes told EBA Editor Robert L. Whiddon during a recent telephone interview. In addition to discussing his company's acquisition plans,...
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