Marsh & McLennan Gets EC Clearance to Acquire Jardine Lloyd Thompson
March 22 2019 - 2:07PM
Dow Jones News
By Stephen Nakrosis
Marsh & McLennan Companies, Inc. (MMC) on Friday said the
European Commission approved its acquisition of Jardine Lloyd
Thompson Group PLC.
With the EC approval, March & McLennan said, all regulatory
and competition authority approvals needed to close the transaction
have been satisfied.
Last September, Marsh & McLennan said its wholly owned
subsidiary, MMC Treasury Holdings Ltd., made an offer for Jardine
Lloyd Thompson valued at around $5.7 billion.
The deal received approval from U.S. antitrust authorities last
October, and Jardine Lloyd shareholders approved the deal last
November.
A hearing at the U.K. High Court has been set for March 29 and,
subject to Court approval, the transaction is expected to close on
April 1, the company said.
New York City-based March & McLennan is a global
professional services firm.
London-based Jardine Lloyd Thompson provides insurance,
reinsurance and brokerage and other services.
--Write to Stephen Nakrosis at stephen.nakrosis@wsj.com
(END) Dow Jones Newswires
March 22, 2019 13:52 ET (17:52 GMT)
Copyright (c) 2019 Dow Jones & Company, Inc.
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