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Jones Babson Inc

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May 25, 1993 | From Times Staff and Wire Reports
BMA Agrees to Buy Jones & Babson: Business Men's Assurance Co. of America said it reached an agreement to purchase Jones & Babson Inc., a mutual fund company that manages about $1.7 billion. Terms weren't disclosed. BMA, a member of the Generali Group of insurance companies based in Italy, expects the transaction to close in about four months. The purchase requires regulatory and shareholder approval.
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