News analysis: Brokers ready to pounce after MMC’s JLT deal
Staff cuts and exits for disgruntled JLT staff predicted after Marsh’s $5.6bn takeover announced
Marsh & McLennan Companies’ planned $5.6bn (£4.3bn) all cash takeover of JLT surprised the market last month and left brokers anticipating a windfall of their own.
The deal is subject to regulatory and shareholder approval. However, with the owners of 40.5% of JLT’s shares backing the buy on the very day of the announcement these hurdles are very likely to be overcome.
It will, by spring 2019, create a $17bn revenue powerhouse that employs 75,000 people and is the biggest broker on the planet
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