Marsh & McLennan reveals $100m hedging cost for JLT deal
The $5.6bn takeover is expected to close in spring 2019.
Marsh & McLennan Companies has paid $100m (£77.5m) to protect the company from volatility in the value of the pound until its deal to buy JLT is completed.
The business described the charge for the exchange rate hedging instrument, which represents nearly 2% of the total value of the $5.6bn takeover, as “fair value”.
The takeover of JLT, which was revealed on 18 September this year, is still subject to regulatory approvals and the approval of JLT shareholders.
The transaction is expected to
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