Investment - Articles - MMC acquisition receives JLT shareholder approval


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.  

Back to Index


Similar News to this Story

Call for a step change in investor stewardship
According to a new research paper by Willis Towers Watson the investment industry should substantially step up its game when it comes to stewardship.
Fiduciary Managers struggle to deliver their targets
XPS Investment has published its first XPS FM Watch report in which they assess the growth portfolio performance and risk of Fiduciary Managers (FMs)
Peugeot Pension in bulk annuity deal with Scottish Widows
The Trustee of the Peugeot Advanced Pension Plan has secured a c. £140m buy-in with Scottish Widows, covering all members of the Plan. The ultimate pa

Site Search

Exact   Any  

Latest Actuarial Jobs

Actuarial Login

Email
Password
 Jobseeker    Client
Reminder Logon

APA Sponsors

Actuarial Jobs & News Feeds

Jobs RSS News RSS

WikiActuary

Be the first to contribute to our definitive actuarial reference forum. Built by actuaries for actuaries.