Marsh Makes Recommended Offer for Jelf Group PLC
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Marsh (MMC) Moves to Acquire Jelf Group plc
September 10, 2015 4:22 PM EDTMarsh & McLennan (NYSE: MMC) announced that it has made an offer to acquire the entire ordinary share capital of Jelf Group plc, one of the UKs leading independent insurance brokers and financial services consultancies. The transaction, which is subject to customary conditions including approval by the regulatory authorities and Beacon shareholders, is expected to close in the fourth quarter of 2015.
Summary
The boards of directors of Marsh & McLennan Companies Acquisition Limited (Marsh) and Jelf are pleased to announce that they have reached agreement on the terms and conditions of a recommended... More