US antitrust approval granted for MMC's acquisition of JLT Group

Marsh & McLennan Companies (MMC) and Jardine Lloyd Thompson Group (JLT) have confirmed that October 10 the Federal Trade Commission (FTC) granted early termination for the waiting period under the Hart-Scott-Rodino Act, with respect to MMC's previously announced acquisition of JLT.

Termination of the HSR waiting period effectively concludes the competition review of both the FTC and Department of Justice and satisfies an important condition in closing 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 that the Scheme Document, 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 on November 7, 2018, with the purpose of obtaining shareholder approval of the Scheme.

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