The US Federal Trade Commission Makes Early Ruling
JLT Shareholder Meeting Set for November 7
NEW YORK--(BUSINESS WIRE)--Oct. 15, 2018--
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.
View source version on businesswire.com: https://www.businesswire.com/news/home/20181015005236/en/
Source: Marsh & McLennan Companies, Inc.
Media:
Marsh & McLennan Companies
Erick R.
Gustafson, +1-202-263-7788
erick.gustafson@mmc.com
or
Investor:
Marsh
& McLennan Companies
Dan Farrell, +1-212-345-3713
daniel.farrell@mmc.com