MarketWatch.com - MarketPulse
SAN FRANCISCO (MarketWatch) -- Commerce Bancorp Inc. completed the sale of its insurance brokerage business, Commerce Insurance Services, to a group led by Commerce Insurance Services' Chairman George E. Norcross and President Michael Tiagwad, Commerce Bancorp said Monday. The sale includes the commercial property and casualty, employee benefits, and various specialty insurance lines of Commerce Insurance Services. The terms of the deal were not disclosed.
MarketWatch.com - MarketPulse
SAN FRANCISCO (MarketWatch) -- Consolidated Mercantile Inc. has completed the sale of Polyair Inter Pack Inc. to Glencoe Skydome Holdings, an affiliate of Glencoe Capital, in a private deal for $6.2 million. The sale has been under consideration as a part of the company's continuing evaluation of potential strategies to maximize shareholder value, according to Consolidated Mercantile.