The company said Marsh & McLennan Agency LLC completed the acquisition of TIH Blocker II, Inc. (McGriff Parent) on November 15, 2024 for a total purchase price of $7.75 billion in cash, subject to customary adjustments under the merger agreement.

1. 01

   The company said Marsh & McLennan Agency LLC completed the acquisition of TIH Blocker II, Inc. (McGriff Parent) on November 15, 2024 for a total purchase price of $7.75 billion in cash, subject to customary adjustments under the merger agreement.

2. 02

   The company said it will assume a deferred tax asset valued at approximately $500 million in connection with the transaction.

3. 03

   The company said more than 3,500 McGriff employees will join Marsh McLennan Agency upon the closing of the McGriff Insurance Services, LLC acquisition. It described McGriff as a leading insurance broking and risk management services provider in the United States, founded in 1886.

4. 04

   The company terminated its commitment letter with Citigroup Global Markets Inc. for a short-term unsecured bridge loan facility on November 8, 2024, dated September 29, 2024. The company said it did not need the Bridge Facility and no payments resulted from the termination.

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AI summarized the filing and translated the summary into English; it may differ from the original. For reference only, not investment advice. AI translated the published Korean report into English. Figures are copied as filed, not recalculated.

Original filing

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