Deal Snapshot
MARSH AND MCLENNAN COMPANIES CLOSES ACQUISITION OF JARDINE LLOYD THOMPSON
Tuesday 02 April 2019

US-based professional services firm Marsh and McLennan Companies, Inc. (NYSE: MMC) has closed its acquisition of UK-based insurance, reinsurance and employee benefits related advice, brokerage and associated services provider Jardine Lloyd Thompson Group plc (LSE: JLT), the firm said.
Under the terms of the transaction, holders of JLT's common shares will receive cash consideration of GBP 19.15 per share. Total cash consideration equates to USD 5.6bn in fully diluted equity value, or an estimated enterprise value of USD 6.4bn. The transaction will be funded by a combination of cash on hand and proceeds from debt financing.


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Details
Date Published: 02/04/2019
Target: Jardine Lloyd Thompson Group
Country: UK
Deal Size: 5.6bn (USD)
Sector: Insurance
Type: LBO
Financing: Cash
Status: Closed
Vendor:
Buyer: Marsh and McLennan Companies
Buyer Advisor: Goldman Sachs , Slaughter and May and Wachtell, Lipton, Rosen and Katz
Comment:


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