AIM-listed advice firm seals takeover deal
National advice firm Jelf Group’s deal to be taken over by insurance broker Mash for £258 million has been approved by the Financial Conduct Authority.
Under the terms of the acquisition, Marsh will acquire the entire share capital of Jelf and give each Jelf shareholder 215 pence per share, which values the company at around £258 million.
The two companies announced their deal had received regulatory approval and would look to complete the acquisition by December.
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