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JMHLY Jardine Matheson Holdings Ltd (PK)

35.40
0.00 (0.00%)
12 Aug 2024 - Closed
Delayed by 15 minutes
Name Symbol Market Type
Jardine Matheson Holdings Ltd (PK) USOTC:JMHLY OTCMarkets Depository Receipt
  Price Change % Change Price Bid Price Offer Price High Price Low Price Open Price Traded Last Trade
  0.00 0.00% 35.40 34.70 37.70 0.00 12:02:57

Jardine Matheson Bids 765P In Cash For JLT Shares

15/09/2011 8:02am

Dow Jones News


Jardine Matheson (PK) (USOTC:JMHLY)
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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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1 Year Jardine Matheson (PK) Chart

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1 Month Jardine Matheson (PK) Chart

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