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Marsh & Mclennan gets U.S. antitrust approval for GBP4.3 billion Jardine Lloyd deal

Staff Writer |
U.S. insurance broker and consultancy Marsh & McLennan Cos has received U.S. antitrust approval for its GBP4.3 billion cash deal to buy UK peer Jardine Lloyd Thompson Group, the companies jointly announced on Monday.

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The Federal Trade Commission granted an early termination of the waiting period under the Hart-Scott-Rodino Act with respect to Marsh & McLennan's acquisition of Jardine Lloyd. The termination of the HSR waiting period effectively concludes the competition review of both the FTC and Department of Justice.

The acquisition remains subject to additional required antitrust and regulatory approvals as well as the approval of Jardine Lloyd shareholders.

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