 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.
Caterpillar’s Rob Rengel will join ATI Inc. on June 22 as VP-investor relations, succeeding the retiring David Weston.
Hut 8, energy infrastructure platform, has named NextEra Energy's Mark Eidelman head of IR and SVP of strategic finance.
Teneo handles easyJet as Minneapolis investment firm Castlelake mulls a possible takeover of the British budget airline.
Brunswick Group represents Universal Music Group as it rejects the unsolicited $65B takeover offer by billionaire Ed Ackman's Pershing Square Capital Management because it “fundamentally and materially undervalues” the world’s largest music company.
Prosek Partners brings on Danielle O’Brien as a managing director in its investor relations practice, based in the firm’s New York office.
