Marsh gets US antitrust approval for JLT acquisition
US-based Marsh & McLennan Companies (MMC) has received the approval of the Federal Trade Commission to acquire UK-based Jardine Lloyd Thompson Group (JLT).
This concludes the competition review of both the FTC and Department of Justice and satisfies an important condition to the closing of the acquisition, according to a corporate statement. The acquisition remains subject to additional required antitrust and regulatory approvals as well as the approval of JLT shareholders.
MMC is acquiring re/insurance broker JLT for $6.4 billion.
A general meeting of JLT shareholders will be held on Nov. 7, 2018 in London for the purpose of obtaining shareholder approval of the deal.
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