SECURITIES

Duff & Phelps to Merge With Phoenix Home Life Unit: The companies said they are seeking to broaden their offerings in domestic and international stock and bonds by creating a company with $35 billion in assets. The agreement comes three months after Duff & Phelps Corp. and Britain-based money manager Govett & Co. canceled a proposed merger. Since those negotiations fell apart, Chicago-based Duff has been actively looking to combine its fixed-income funds with the equity concentration of another money management company. Hartford, Conn.-based Phoenix Home Life Mutual Insurance Co. will hold a 60% stake in the combined company.