September 18, 2018 / 6:47 AM / 3 months ago

Marsh & McLennan buys UK broker JLT for $5.7 bln

Sept 18 (Reuters) - U.S. financial services group Marsh & McLennan Companies Inc has agreed to buy Jardine Lloyd Thompson in an all-cash deal that values the UK insurance and reinsurance broker at about 4.3 billion pounds ($5.7 billion), the companies said on Tuesday.

JLT Shareholders will receive 19.15 pounds for each share, a premium of about 33.7 percent to JLT stock's closing price on Monday.

$1 = 0.7601 pounds Reporting by Arathy S Nair in Bengaluru

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