Marsh & McLennan. US Antitrust Approval Granted for Marsh & McLennan's Acquisition of Jardine Lloyd Thompson Group plc
October 15 2018 - 2:00AM
UK Regulatory
TIDMMHM
Marsh & McLennan Companies, Inc. (NYSE: MMC) and Jardine
Lloyd Thompson Group plc (JLT) today confirmed that, on October 10,
the Federal Trade Commission (FTC) granted an early termination of
the waiting period under the Hart-Scott-Rodino Act with respect to
MMC's previously announced acquisition of JLT (the "Acquisition").
Termination of the HSR waiting period effectively concludes the
competition review of both the FTC and Department of Justice and
satisfies an important condition to the closing of the Acquisition.
The Acquisition remains subject to additional required antitrust
and regulatory approvals as well as the approval of JLT
shareholders.
Additionally, Marsh & McLennan and JLT announced today that
the scheme document ("Scheme"), which contains the full terms and
conditions of the Acquisition, has been published and posted for
JLT Shareholders. A General Meeting of JLT shareholders will be
held at 10:00 a.m. on November 7, 2018 at The St. Botolph Building
(138 Houndsditch, London EC3A 7AW) for the purpose of obtaining
shareholder approval of the Scheme under Part 26 of the U.K.
Companies Act 2006. The Scheme is also subject to the satisfaction
or waiver of the conditions and further terms that are set out in
the Scheme.
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 nearly 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 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.comorInvestor:Marsh &
McLennan CompaniesDan Farrell,
+1-212-345-3713daniel.farrell@mmc.com
View source version on businesswire.com:
https://www.businesswire.com/news/home/20181015005235/en/
This information is provided by Business Wire
(END) Dow Jones Newswires
October 15, 2018 03:00 ET (07:00 GMT)
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