Marsh & McLennan Clears Final Regulatory Hurdle to Close on Buying JLT on April 1

76

Marsh & mclennan cos. (mmc) introduced on friday, march 22 that the eu fee has accredited its $five.6 billion acquisition of jardine lloyd thompson group p.C.

All regulatory and competition authority approvals required to close the transaction have now been glad, said mmc.
The deal became first announced in september 2018.

Jlt shareholders accepted the deal ultimate november. The u.S. Federal exchange fee and justice department cleared the deal of anti-trust issues in october.

A hearing at the UK high court has been set for march 29, 2019. Problem to the court’s approval, the transaction is expected to close on april 1, mmc affirmed.

The deal, which become hammered out in approximately 11 days among mmc ceo dan glaser and jlt group ceo dominic burke, looks to b one among the largest ever related to coverage agents. Last year, kkr & co. And canada’s caisse de depot et placement du quebec obtained usi insurance services for $4.3 billion.

Legal warning !
The information, comments and suggestions there are not covered by investment advice. It is based on the author's personal opinions. These views may not fit your financial situation and risk and return preferences. For this reason, based solely on this information, investment decisions may not have the appropriate consequences for your expectation. Our Site is not responsible for any direct or indirect damages incurred by the investors as a result of the use of the information on the Site, deficiencies in the sources, damages incurred by profit, moral damages, or damage to third parties.