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Willis Towers Watson Public : Aon and Willis Towers Watson (WTW) Take Important Step Toward the Close of Proposed Combination with Agreement to Sell Set of WTW Assets to Gallagher


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Transaction is a key step on path to close proposed combination designed to accelerate innovation on behalf of clients
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Aon remains committed to $800 million of cost synergies and expects the combination to create significant shareholder value
DUBLIN, May 12, 2021 /PRNewswire/  Aon plc (NYSE: AON) and Willis Towers Watson (NASDAQ: WLTW) today announced they have signed a definitive agreement to sell Willis Re and a set of Willis Towers Watson corporate risk and broking and health and benefits services to Arthur J. Gallagher & Co. (Gallagher). These businesses will be divested for a total consideration of $3.57 billion.
The agreement resolves questions raised by the European Commission and is intended to address certain questions raised by regulators in certain other jurisdictions. Aon and Willis Towers Watson continue to work toward obtaining additional regulatory approval in all relevant jurisdictions, including the United States, where regulators ar ....

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Willis Towers Watson Public : Aon's EU concessions for $30 billion Willis bid may not be enough - sources


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BRUSSELS (Reuters) - Insurance broker Aon s offer to sell assets in five EU countries and takeover target Willis Towers Watson s reinsurance arm may not be enough to address EU competition concerns, people familiar with the matter said on Tuesday.
Aon is looking to the acquisition to create the world s largest insurance broker ahead of Marsh & McLennan Companies Inc as the industry grapples with rising claims and new challenges from the COVID-19 pandemic and climate change.
Last Friday, the London-headquartered company submitted concessions to the European Union s competition watchdog, which did not disclose details in line with its policy. The watchdog often requires acquiring companies to make concessions that will strengthen rivals before giving its go-ahead. ....

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