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Marsh & McLennan’s JLT acquisition wins shareholder approval

Marsh & McLennan’s JLT acquisition wins shareholder approval

The acquisition of British insurance coverage brokerage Jardine Lloyd Thompson Group (JLT) by Marsh & McLennan Corporations (MMC), introduced in September and valued at £four.three billion (round CA$7.39 billion), now has the shareholder approval it wants to maneuver one step nearer to completion. In a present of overwhelming help, 99.9% of JLT shareholders voted in favour of the transaction.

“As we speak’s vote is a vital milestone,” stated Dan Glaser, president and CEO of MMC. “The method of planning the way forward for Marsh & McLennan and JLT collectively now begins in earnest. The colleagues

I’ve met at city halls are captivated with bringing the most effective of each organizations collectively for the good thing about our shoppers.”

When the deal closes, the mixed agency will boast “the deepest pool of expertise within the business, the broadest business experience, and the best functionality to spend money on knowledge, analytics and digital options,” added Glaser.

Earlier in October, Marsh & McLennan additionally secured US antitrust approval from the Federal Commerce Fee for the takeover deal.