Marsh & McLennan Companies, Inc. (NYSE: MMC) announced today that the shareholders of Jardine Lloyd Thompson Group plc (JLT) overwhelmingly approved Marsh & McLennans agreement to acquire JLT. Of those shares voted, 99.9% voted in favor of the transaction.
Todays 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 Ive 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.
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 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 http://www.jlt.com/ and follow us on LinkedIn at JLT Group and Twitter @JLTGroup.