NU Online News Service, Sept. 15, 1:10 p.m. EDT
A major shareholder of British-based insurance broker Jardine Lloyd Thompson (JLT) will increase its holdings in the firm and invest an additional $260 million to strengthen the firm's independence, the brokerage says.
In securities filings today, JLT says the Hong Kong-based business group Jardine Matheson will acquire close to 22 million additional shares in JLT, increasing its stake in the firm to 40 percent.
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