McGraw-Hill Acquires Muni Giant J.J. Kenny

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McGraw-Hill Inc. has announced its intention to buy all the outstanding shares of J.J. Kenny Co., a recognized leader in municipal bond brokerage and information services. The move puts Kenny under the same umbrella as Standard & Poor's Corp., which markets the Blue List Bond Ticker, a product that competes with Kenny's information services.

The purchase includes both of Kenny's principal businesses, Kenny Information Systems Inc. and J.J. Kenny Drake Inc., Kenny's brokerage firm. Both operat