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Benefitfocus Surges Most Since 2013 on Marsh & McLennan Deal

Benefitfocus Inc., the provider of software that helps employers offer insurance options to their staff, jumped the most since 2013 after Marsh & McLennan Cos. announced a deal to invest in the company.

Mercer, a consulting unit at New York-based Marsh & McLennan, acquired a 9.9 percent stake in the software seller, Benefitfocus Chief Executive Officer Shawn Jenkins said late Tuesday in a conference call. Charleston, South Carolina-based Benefitfocus rose 50 percent to 34.34 at 9:33 a.m. in New York Wednesday.