secwatch.observer — SEC 8-K summary
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Issuer:     MARSH & MCLENNAN COMPANIES, INC. (MRSH)
CIK:        0000062709
Form:       8-K
Filed at:   2024-09-30T23:59:59+00:00
Accession:  0000062709-24-000079
Event type: m_and_a
Sentiment:  positive
Materiality: 0.85
Item codes: 1.01, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Marsh McLennan to acquire McGriff Insurance Services for $7.75B cash
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- McGriff had $1.3B revenue for trailing twelve months ended June 30, 2024.
- Marsh McLennan will assume a deferred tax asset valued at approximately $500M.
- Target close by year-end 2024, subject to regulatory clearance and standard conditions.
- Funding via cash and debt; bridge loan facility of up to $7.75B committed by Citigroup.
- McGriff's CEO Read Davis and 3,500 employees will join Marsh McLennan Agency.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/62709/000006270924000079/0000062709-24-000079-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/62709/000006270924000079/mmc-20240929.htm
  HTML page:      https://secwatch.observer/filing/0000062709-24-000079

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer