Ratings agencies shift Marsh outlook to negative over JLT deal
Marsh’s whirlwind $5.6bn (£4.2bn) acquisition of JLT surprised ratings agencies, as it was a “larger” deal than expected from the world’s biggest broker.
Marsh parent company MMC agreed to pay £19.15 per JLT share. This is equivalent to an extra third (33.7%) more on the closing price on September 17, the day before the deal was announced.
Fitch
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