Marsh & McLennan. MMC Acquisition Receives JLT Shareholder Approval
November 07 2018 - 9:17AM
UK Regulatory
TIDMMHM
Marsh & McLennan Companies, Inc. (NYSE: MMC) announced today
that the shareholders of Jardine Lloyd Thompson Group plc (JLT)
overwhelmingly approved Marsh & McLennan's agreement to acquire
JLT. Of those shares voted, 99.9% voted in favor of the
transaction.
"Today's vote is an important milestone," said Dan Glaser,
President and CEO of MMC. "The process of planning the future of
Marsh & McLennan and JLT together now begins in earnest. The
colleagues I've met at town halls are enthusiastic about bringing
the best of both organizations together for the benefit of our
clients.
"Upon closing, the combined firm will have the deepest pool of
talent in the industry; the broadest industry expertise; and the
greatest capability to invest in data, analytics and digital
solutions. We will meet our clients' greatest challenges with
innovation and thought leadership," concluded Mr. Glaser.
The transaction was announced on September 18, 2018. On October
10, Marsh & McLennan received notice from the U.S. Federal
Trade Commission that it had granted early termination of the
applicable waiting period under the Hart-Scott-Rodino Act,
concluding the competition review of both the FTC and Department of
Justice. The transaction remains subject to additional antitrust,
financial regulatory and UK High Court approvals.
About Marsh & McLennan Companies
Marsh & McLennan (NYSE: MMC) is the world's leading
professional services firm in the areas of risk, strategy and
people. The company's approximately 65,000 colleagues advise
clients in over 130 countries. With annual revenue over $14
billion, Marsh & McLennan helps clients navigate an
increasingly dynamic and complex environment through four
market-leading firms. Marsh advises individual and commercial
clients of all sizes on insurance broking and innovative risk
management solutions. Guy Carpenter develops advanced risk,
reinsurance and capital strategies that help clients grow
profitably and pursue emerging opportunities. Mercer delivers
advice and technology-driven solutions that help organizations meet
the health, wealth and career needs of a changing workforce. Oliver
Wyman serves as a critical strategic, economic and brand advisor to
private sector and governmental clients. For more information,
visit mmc.com, follow us on LinkedIn and Twitter @mmc_global or
subscribe to BRINK.
About Jardine Lloyd Thompson
Jardine Lloyd Thompson is one of the world's leading providers
of insurance, reinsurance and employee benefits related advice,
brokerage and associated services. JLT's client proposition is
built upon its deep specialist knowledge, client advocacy, tailored
advice and service excellence.
JLT is quoted on the London Stock Exchange and owns offices in
more than 40 territories with over 10,000 employees.
Supported by the JLT International Network, it offers risk
management and employee benefit solutions in 135 countries. For
further information about JLT, please visit our website
http://www.jlt.com/ and follow us on LinkedIn at JLT Group and
Twitter @JLTGroup.
Media:Marsh & McLennan CompaniesErick R. Gustafson,
+1-202-263-7788erick.gustafson@mmc.comorInvestors:Marsh &
McLennan CompaniesDan Farrell,
+1-212-345-3713daniel.farrell@mmc.com
View source version on businesswire.com:
https://www.businesswire.com/news/home/20181107005542/en/
This information is provided by Business Wire
(END) Dow Jones Newswires
November 07, 2018 09:17 ET (14:17 GMT)
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