📄 reut-00022.xml
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<?xml version="1.0"?><REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="12498" NEWID="315"> <DATE>2-MAR-1987 05:48:46.98</DATE> <TOPICS> <D>acq</D> </TOPICS> <PLACES> <D>usa</D> <D>uk</D> </PLACES> <PEOPLE/> <ORGS/> <EXCHANGES/> <COMPANIES/> <UNKNOWN>F f0923 reuteu f BC-SALE-TILNEY-BUYS-STAK 03-02 0083</UNKNOWN> <TEXT> <TITLE>SALE TILNEY BUYS STAKE IN U.S. INSURANCE BROKER</TITLE> <DATELINE>LONDON, March 2 -</DATELINE> <BODY><Sale Tilney Plc> said it has purchased80 pct of the ordinary share capital of <B and R InternationalInc.>, a U.S. Insurance broker, for 5.6 mln dlrs. Sale is paying 3.6 mln dlrs in cash on completion, with thebalance plus interest to be paid in equal instalments over thenext six years. B and R posted pretax profit of 855,000 dlrs in the year toDec 31, 1986 when it had net tangible assets of 563,000 dlrs. REUTER</BODY> </TEXT></REUTERS>
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