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JLT shareholders approve Marsh & McLennan acquisition

Posted On: Nov. 7, 2018 8:49 AM CST

JLT shareholders approve Marsh & McLennan acquisition

Shareholders of Jardine Lloyd Thompson Group PLC have approved its $5.6 billion acquisition by Marsh & McLennan Cos. Inc.

The vote in favor of the transaction was 99.9% of voted shares, Marsh & McLennan said Wednesday in a statement.

“Today’s vote is an important milestone,” Dan Glaser, the company’s president and CEO, said in the statement. “The process of planning the future of Marsh & McLennan and JLT together now begins in earnest.”

In October, the U.S. Federal Trade Commission granted early termination of the waiting period for the acquisition.

The transaction remains subject to additional antitrust, financial regulatory and U.K. High Court approvals, according to the statement.