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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
__________
FORM 8-K
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15 (d) OF
THE SECURITIES EXCHANGE ACT OF 1934
_____________________
Date of Report (October 13, 1995): October 16, 1995
Alexander & Alexander Services Inc.
(Exact name of registrant as specified in its charter)
Maryland 1-8282 52-0969822
(State or other (Commission (I.R.S. Employer
jurisdiction of File Number) Identification No.)
organization)
1185 Avenue of the Americas 10036
New York, New York (Zip Code)
(Address of principal executive offices)
(212) 840-8500
(Registrant's telephone number,
including area code:)
Not Applicable
(Former name or former address, if changed since last report.)
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Item 5. Other Events.
On October 13, 1995, Alexander & Alexander Services Inc. (the "Company")
issued the following press releases:
A&A COMPLETES ACQUISITION OF MAJORITY
OF JARDINE'S U.S. RETAIL OPERATION
NEW YORK, Oct. 13 -- Alexander & Alexander Services Inc. (A&A) today
announced that it has completed its previously announced acquisition of most
of the U.S. retail insurance broking and consulting operations of Jardine
Insurance Brokers Inc. (JIB).
A&A is acquiring offices located in New York City, Los Angeles,
San Francisco, San Jose, Stockton, Orange County (Calif.),
Kansas City/Topeka, Houston and Chicago.
The acquired JIB offices have revenues of approximately $53 million. At
closing, A&A paid $21 million of cash with a note payable of up to a maximum
of $21 million, subject to certain adjustments. The agreement also provides
for future contingent payments of up to $6 million.
A&A Services Inc. [NYSE: AAL] provides professional risk management
consulting, insurance brokerage and human resources consulting services from
offices in 80 countries.
ALEXANDER & ALEXANDER SERVICES INC. COMPLETES
REDEMPTION OF 11% COVERTIBLE SUBORDINATED DEBENTURES
NEW YORK, Oct. 13 -- Alexander & Alexander Services Inc. announced that it
has redeemed its outstanding 11% Convertible Subordinated Debentures due 2007
today. A&A funded the redemption by borrowing under the more favorable
terms of its revolving credit facility.
A&A Services Inc. [NYSE:AAL] provides professional risk management
consulting, insurance brokerage and human resources consulting services from
offices in 80 countries.
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SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the
registrant has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.
ALEXANDER & ALEXANDER SERVICES INC.
By: /s/Albert A. Skwiertz, Jr.
Albert A. Skwiertz, Jr.
Vice President & General Counsel
Date: October 16, 1995
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