Aon to Sell Two Businesses in Light of Willis Towers Watson Merger
June 03 2021 - 09:32AM
Dow Jones News
By Allison Prang
Aon PLC is selling two of its businesses as it works to get
regulatory approval for its deal to merge with Willis Towers
Watson.
The insurance broker said it is selling its U.S. retirement
business to Aquiline Capital Partners. Aon is also selling its Aon
Retire Health Exchange business to Alight. Together, the two deals
are for $1.4 billion in total gross consideration, Aon said. It
said the deals are to address questions the U.S. Department of
Justice raised.
Aon said the U.S. retirement business that it is selling
includes about 1,000 employees.
These deals are contingent on Aon and Willis Towers Watson
merging, Aon said Thursday. Both companies have previously
announced other divestitures.
The two companies merging would make the combined company the
biggest insurance broker in the world.
Write to Allison Prang at allison.prang@wsj.com
(END) Dow Jones Newswires
June 03, 2021 09:19 ET (13:19 GMT)
Copyright (c) 2021 Dow Jones & Company, Inc.
Aon (NYSE:AON)
Historical Stock Chart
From Feb 2024 to Mar 2024
Aon (NYSE:AON)
Historical Stock Chart
From Mar 2023 to Mar 2024