Jardine Lloyd Thompson Share Discussion Threads

[peter bling] 16/10/2006 08:11

Yes, Willis on the prowl.

[j4k3] 15/10/2006 11:40

the sector wants to consolidate, JLT an obvious target IMO....




Marsh rebuffs takeover
Grant Ringshaw

WILLIS GROUP, the world's third-largest insurance broker, is understood to have made an audacious approach to take over its larger rival, Marsh & McLennan.
The informal approach is believed to have been made two months ago, but was rebuffed by Marsh.

The plan would have created an insurance-broking group with a combined market value of more than $21 billion (£11.3 billion). Willis is understood to have been prepared to make a cash-and-shares offer. Banking sources say it had lined up Kohlberg Kravis Roberts, one of the world's largest private-equity groups, to help to provide financing for the cash element of an offer.

KKR would have been left with a substantial stake in the combined group, listed on the New York Stock Exchange. KKR and Willis have close ties. In 1998, KKR took Willis, then listed in London, private in a £951m deal. It then floated Willis in New York in 2001 for $1.9 billion.

Willis's bold plan came after a sharp fall in Marsh's share price. Between January and August the shares fell by a third. Marsh is the world's largest insurance broker with about 32% of the market, while Willis is the third biggest with 9%.

Both Marsh and Willis declined to comment.

[j4k3] 13/10/2006 16:07

thats the big question. well they sold the US retail ops and have substantial cash on the balance sheet. this is a quality business but the share price was £7 four years ago during which time the FTSE 250 is up about 130%. and dont forget the heath lambert debacle - the market was anticipating huge synergies there. all i can say is these guys have got a lot of work to do

[betman] 13/10/2006 15:25

I am surprised that daily volumes look quite normal or even low vs 6 months ago. Is this really about a deal or else a short squeeze. Surprised no comments anywhere

[j4k3] 13/10/2006 10:51

chester - 12 Oct'06 - 12:58 - 24 of 26

j4k3 - Not sure about that. I'm concentrating on the March 2006 one.



chester- you are not ambitious enough

[j4k3] 13/10/2006 10:50

couldnt see any mention on yesterdays movement in any of the papers. probably for the better :)

[j4k3] 12/10/2006 14:31

thats hardly a deal price though, more like the price if theres no deal

[chester] 12/10/2006 12:58

j4k3 - Not sure about that. I'm concentrating on the March 2006 one.

[j4k3] 12/10/2006 12:45

yes, but look a bit further back. isnt that a very small gap in early 2003 that wasnt ever filled?

[chester] 12/10/2006 12:13

No, March 2006...

[j4k3] 12/10/2006 12:10

March 2003? ;)

[chester] 12/10/2006 12:02

Agreed. We're trying to fill that gap left in March.

[j4k3] 12/10/2006 11:52

mr demolition still around?

[ignoble] 12/10/2006 10:16

Here's hoping ...not much in the way until 440 (imho)

[j4k3] 12/10/2006 09:08

nice move this morning. hope theres something behing this

[ignoble] 11/10/2006 13:16

Even after the recent run ...yield 5% odd

[j4k3] 11/10/2006 13:13

charts are looking interesting now... perhaps the bid is near. dont know about 450 though... would 500 do it? lots of synergy potential with the right deal

[peter bling] 10/10/2006 09:16

I feel somethings bubbling.

[j4k3] 09/10/2006 12:38

About time there is a deal here - something big, eg cost-cutting merger/takeover.

[j4k3] 28/9/2006 16:09

price moving up... perhaps something is happening

[j4k3] 22/9/2006 13:23

More than 3m shares traded. Thats the most since July 13

[peter bling] 20/9/2006 08:06

useful revenues. prestige too


Jardine Lloyd Thompson wins UK Olympic Stadium insurance contract - sources

LONDON (AFX) - Jardine Lloyd Thompson Group PLC, the UK insurance broker,
has won a contract to broker construction insurance for London's new Olympic
Stadium, AFX News has learnt.
Senior industry sources said JLT had won the exclusive right to arrange
cover for the 400 mln stg construction project, seeing off rival bids from Heath
Lambert, Aon, Willis and Marsh.
It is understood that the Olympic Delivery Authority, the government body
set up to create the infrastructure for the 2012 London Olympics, awarded the
contract to JLT late last week.
JLT was not immediately available for comment. Shares in the group were up a
penny at 378 by 9.30 am, valuing it at about 801 mln stg.

[j4k3] 14/9/2006 14:51

are ratbags trying to manipulate share price down

[peter bling] 12/9/2006 11:56

What are they going to spend the money on then? Could JLT be the route for Willis to the market?

[a hedgie] 12/9/2006 10:13

check out the balance sheet - £644m liquid funds at 30/6. another £45m from US disposal takes that to some £689m. market cap just over £800m