Marsh & McLennan to takeover Jelf Group for £258m
Marsh &amp; McLennan is to acquire UK insurance broker Jelf Group for &pound;258m ($396.73m) in cash. Jelf's directors have unanimously approved the acquisition and are to recommend that shareholders vote in favour of the deal.
Jelf Group confirmed late yesterday that it has reached an agreement about a proposed takeover by Marsh & McLennan Co Acquisitions (known as Marsh).

Jelf said insurance broker Marsh has offered 215p a share, valuing Jelf at around £258m.