Wells Fargo to buy Willis?
Updated: Mar 01, 2012 07:46 AM
Market watchers are speculating that Wells Fargo is eyeing insurance brokerage Willis as a potential purchase in lieu of a wealth management deal.
According to Dow Jones, KBW investment bank speculates Wells Fargo could make an offer for Willis Group, which has a $6.2 billion market capitalisation.
The firm speculates that if Wells Fargo were to buy Willis in an all-cash deal at a 30 percent premium to WSH’s Friday closing price of $35.27, the deal would be 12-cents accretive and would boost its Wells Fargo 2013 earnings per share estimate to $3.27 from $3.15.
According to Dow Jones, both companies were not immediately available to comment.
Comments
Published March 01, 2012 at 1:00 am (Updated March 01, 2012 at 7:46 am)
What you
Need to
Know
Need to
Know
1. For a smooth experience with our commenting system we recommend that you use Internet Explorer 10 or higher, Firefox or Chrome Browsers. Additionally please clear both your browser's cache and cookies - How do I clear my cache and cookies?
2. Please respect the use of this community forum and its users.
3. Any poster that insults, threatens or verbally abuses another member, uses defamatory language, or deliberately disrupts discussions will be banned.
4. Users who violate the Terms of Service or any commenting rules will be banned.
5. Please stay on topic. "Trolling" to incite emotional responses and disrupt conversations will be deleted.
6. To understand further what is and isn't allowed and the actions we may take, please read our Terms of Service
2. Please respect the use of this community forum and its users.
3. Any poster that insults, threatens or verbally abuses another member, uses defamatory language, or deliberately disrupts discussions will be banned.
4. Users who violate the Terms of Service or any commenting rules will be banned.
5. Please stay on topic. "Trolling" to incite emotional responses and disrupt conversations will be deleted.
6. To understand further what is and isn't allowed and the actions we may take, please read our Terms of Service
7. To report breaches of the Terms of Service use the flag icon
