Primerica to Buy Smith Barney
Associated Press
NEW YORK —
Primerica Corp., the former American Can Co., said today it agreed to acquire the closely held investment firm Smith Barney Inc. for $750 million in cash.
Smith Barney is the New York-based parent of Smith Barney, Harris Upham & Co., a medium-size investment bank and securities brokerage that is one of Wall Street’s oldest firms, having been founded in 1873.
