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September 24, 2004

Scandent In Talks To Buy Aon Outsourcing Unit

Singapore-based Scandent Group is in talks to buy a majority stake in Cambridge Integrated Services, a unit of the New York Stock Exchange-listed Aon Corp. (AOC), reports the Economic Times, quoting unnamed sources. Scandent, which has a small business process outsourcing unit called ProcessMind, is expected to pay $100 million for the stake, says the report. The deal may be finalized within the next two weeks, it adds.

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Posted by Tom Troceen