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RICHMOND, Va. - Shareholders at insurance and risk management company Hilb Rogal & Hobbs Co. on Monday approved a merger with Willis Group Holdings Ltd.
British insurance broker Willis Group Holdings announced in June that it would pay $1.67 billion in cash and stock for insurance and risk-management firm Hilb Rogal & Hobbs in a move to double its North America revenue.
The deal is expected to close Oct. 1.
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