Marsh & McLennan BDR holders to receive 7 additional BDRs in stock split on July 29, 2026
MMC•BDR stock split details
Marsh & McLennan BDR holders will receive 7 additional BDRs in a mandatory stock split tied to a ratio change between BDRs and underlying shares.
The underlying-to-BDR ratio will shift to 1:16 from 1:2, effective at the market open on 27/07/2026.
Each 1 BDR held on 24/07/2026 will receive 7 additional BDRs, based on the prior 1:2 ratio.
Trading and settlement timing
BDRs will trade ex-split in Brazil on 27/07/2026, and the new BDRs are scheduled to be credited on 29/07/2026.
Fractional entitlements will be settled in cash, subject to income tax withholding.
