Approval from JLT shareholders is an “important milestone” towards completing the industry-shaking acquisition
Shareholders of JLT have strongly approved Marsh & McLennan’s agreement to acquire the company.
Of those shares voted, 99.9% voted in favour of the transaction.
“Today’s vote is an important milestone,” said Dan Glaser, president and chief executive of Marsh & McLennan. “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.”
The transaction was announced on 18 September. In October, the competition review of both the FTC and Department of Justice was concluded. The transaction remains subject to additional antitrust, financial regulatory and UK High Court approvals.
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