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European regulator approves tie-up between Marsh & McLennan, JLT

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European regulator approves tie-up between Marsh & McLennan, JLT

The European Commission has given its regulatory approval for Marsh & McLennan Cos. Inc.'s pending acquisition of Jardine Lloyd Thompson Group PLC.

The approval is subject to the divestment of JLT's global aerospace business. Arthur J. Gallagher & Co. announced March 4 that it will be acquiring that business.