No significant changes are planned in the operation or management of Van Kampen Merritt Cos. after its sale to 5 New York City-based private investment firm, a principal in the firm said yesterday.

Earlier yesterday, Xerox Financial Services Inc. announced that it will sell Van Kampen to the investment firm of Clayton, Dubilier & Rice Inc. for $360 million.

Subscribe Now

Access to authoritative analysis and perspective and our data-driven report series.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.