Jardine Matheson Bids 765P In Cash For JLT Shares
15 September 2011 - 5:02PM
Dow Jones News
Jardine Matheson Holdings Ltd. (JAR.LN) announced Thursday that
it has reached agreement on the terms of a partial cash offer to
acquire 10% of insurance firm Jardine Lloyd Thompson PLC (JLT.LN)
for GBP166.3 million, or 765 pence a share.
MAIN FACTS:
-Jardine Matheson would acquire a further 21.7 million shares ,
taking its holding in JLT to over 40%.
-Jardine Matheson confirmed that JLT is a core strategic
investment and that it has no intention of divesting any shares in
JLT.
-Shares closed Wednesday at 619 pence valuing the company at
GBP1.35 billion.
-By Peter Evans, Dow Jones Newswires; 44-20-7842-9308;
peter.evans@dowjones.com
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