Jardine Matheson Holdings Ltd. (JAR.LN) announced Thursday that it has reached agreement on the terms of a partial cash offer to acquire 10% of insurance firm Jardine Lloyd Thompson PLC (JLT.LN) for GBP166.3 million, or 765 pence a share.

MAIN FACTS:

-Jardine Matheson would acquire a further 21.7 million shares , taking its holding in JLT to over 40%.

-Jardine Matheson confirmed that JLT is a core strategic investment and that it has no intention of divesting any shares in JLT.

-Shares closed Wednesday at 619 pence valuing the company at GBP1.35 billion.

-By Peter Evans, Dow Jones Newswires; 44-20-7842-9308; peter.evans@dowjones.com

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