Jelf confirms takeover discussions with Marsh

Jelf has confirmed that it is in the early stages of discussions with insurance broking and risk management firm Marsh regarding a possible takeover offer.

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In a statement to the London Stock Exchange, the board of Jelf confirmed that the discussions, which are ongoing, related to a potential cash offer by Marsh for its entire issued and to be issued ordinary share capital.

According to the statement, there is ‘no certainty that any offer will ultimately be made for Jelf or as to the terms of any such offer’.

Marsh has until 16 September 2015 to announce either a firm intention to make an offer for Jelf or to confirm that it does not intend to make an offer.