 Dan Glaser |
Brunswick Group handles PR for UK's Jardine Lloyd Thompson Group, which has agreed to be acquired by Marsh & McClellan Cos. New York-based insurance broker/risk management giant, in a deal valued at $5.6B in cash considerations.
MMC is paying $25.50 per-share for JLT, an outlay that represents a 33 percent jump over the Sept. 17 closing of its stock price, as part of its strategy to "be the preeminent global firm in the areas of risk strategy and people."
Dan Glaser, MMC's CEO, called the transaction a "complementary fit between our companies that creates a platform to deliver exceptional service to clients and opportunities for our colleagues."
JLT CEO Dominic Burke will become vice chairman of MMC following the completion of the transaction, which is expected to close in the spring of 2019.
MMC, which bills itself as world’s leading professional services firm, has about 65K staffers and generates $14B in revenues.
JLT is using Brunswick Group's Tim Burns and Dania Saidam as PR advisors in the MMC transaction.
Tim Wise of Simon Robertson Assocs., is JLT's financial counselor.
C Street Advisory handles iRobot Corp as the marketer of the Roomba autonomous vacuum cleaner files Chapter 11 after being squeezed by cheaper competitors.
Joele Frank represents Confluent Inc. as the Mountain View, CA-based data streaming platform company agrees to be acquired by IBM in a deal with an enterprise value of $11B.
Tom Johnson, who has headed H/Advisors Abernathy since 2016, will join FGS Global as global head of private capital & financial services, effective Dec. 16.
Brunswick Group and Gagnier Communications are handling Paramount’s $30 cash per-share offer for all of Warner Bros Discovery, topping Netflix $27.50 cash/stock transaction.
ICR Inc. handles communications for Enhanced Ltd, which plans to run Olympic-type competitions with athletes using performance-enhancing drugs, as it goes public in a SPAC deal valued at $1.2B via a merger with A Paradise Acquisition Corp. of Hong Kong.
