Aon to Sell Assets for $1.4B to Get Willis Towers Merger Deal Going
Aon PLC (AON) is selling more of its assets to clear regulatory hurdles for its merger deal with Willis Towers Watson (WLTW). The insurance broker has agreed to sell its U.S. retirement and retiree health exchange units for $1.4 billion in the latest move. Aon’s U.S. retirement business includes retirement consulting and pension administration operations. It will sell the unit to private equity firm Aquiline, which has $6.4 billion in assets under management and invests in businesses across fina
Source: yahoo.com