Willis Wants Marsh: Report

Shares of Marsh jump.
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Willis Group

(WSH)

wants to talk to

Marsh & McLennan

(MMC) - Get Report

about acquiring its larger competitor in the insurance brokerage space, according to a televised report.

CNBC

reported on the development Thursday. Willis has a market capitalization of $5.3 billion, making it less than half the size of Marsh, which is valued at more than $13 billion.

Following the report, shares of Marsh rose to a session high of $27.89, up $1.44 on the day.