15 Oct 2018 08:00
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
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