Putnam Investments sale a done deal

Putnam Investments’ sale by Marsh and McLennan Cos. Inc. to Great-West Lifeco, a subsidiary of Power Financial Corp., was completed today, said Nancy Fisher, Putnam spokeswoman. In a news release, MMC said it sold the money management firm for $3.9 billion in cash, and netted $2.5 billion after accounting for taxes and minority interests. As of June 30, Putnam had $193 billion in assets under management, up from $188 billion on March 31.