Marsh & McLennan. Marsh & McLennan and Jardine Lloyd Thompson Agree to Sell JLT's Aerospace Business to Arthur J. Gallagher
March 04 2019 - 5:12AM
UK Regulatory
TIDMMHM
Marsh & McLennan Companies, Inc. (NYSE:MMC) is providing
this update regarding the European Commission's (EC) Phase 1 review
of MMC's acquisition of Jardine Lloyd Thompson Group plc (JLT). On
March 1, MMC and JLT formally committed to divest JLT's aerospace
practice to address a potential overlap in this area.
Today, MMC and JLT entered into an agreement to sell the
aerospace business, including the transfer of its personnel, to
Arthur J. Gallagher & Co. This sale is subject to the EC's
approval.
Marsh & McLennan confirms that there are no discussions with
the EC concerning any other aspect of the combined MMC-JLT
business. Subject to remaining regulatory and UK High Court
approvals, closing remains on track for the Spring of 2019.
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 of $15 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.
Media:Erick R. GustafsonMarsh & McLennan Companies+1 202 263
7788erick.gustafson@mmc.comorInvestors:Sarah DeWittMarsh &
McLennan Companies+1 212 345 6750sarah.dewitt@mmc.com
View source version on businesswire.com:
https://www.businesswire.com/news/home/20190304005420/en/
This information is provided by Business Wire
(END) Dow Jones Newswires
March 04, 2019 05:12 ET (10:12 GMT)
Marsh & Mclennan Cos (LSE:MHM)
Historical Stock Chart
From Jun 2024 to Jul 2024
Marsh & Mclennan Cos (LSE:MHM)
Historical Stock Chart
From Jul 2023 to Jul 2024