PMC International, the financially- strapped mutual fund company which was spurned in its proposed merger with Dundee Bancorp of Canada two months ago, has signed a definitive agreement to be acquired by the Ziegler Companies, a financial services holding company based in West Bend, Wisc. Ziegler will pay $3.1 million in cash for PMC.

The deal alleviates the financial problems of PMC while providing Ziegler with access to PMC's more advanced analytical software, accounting and shareholder services.

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