Vote Affirms Strong Support for Transaction
Integration Planning Begins in Earnest
NEW YORK--(BUSINESS WIRE)--Nov. 7, 2018--
Marsh & McLennan Companies, Inc. (NYSE: MMC) announced today that the
shareholders of Jardine Lloyd Thompson Group plc (JLT) overwhelmingly
approved Marsh & McLennan's agreement to acquire JLT. Of those shares
voted, 99.9% voted in favor of the transaction.
"Today's 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 I've 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
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
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
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.
View source version on businesswire.com: https://www.businesswire.com/news/home/20181107005540/en/
Source: Marsh & McLennan Companies, Inc.
Marsh & McLennan Companies
& McLennan Companies
Dan Farrell, +1-212-345-3713