Aon, Willis Towers Watson to Sell Set of Willis Towers Watson Assets for $3.57 Billion
By Dave Sebastian
Aon PLC and Willis Towers Watson said they have agreed 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. for $3.57 billion.
The companies on Wednesday said the divestiture takes them
closer to their proposed combination, as it addresses questions
raised by the European Commission.
They said they also intend the transaction to address questions
raised by regulators in other jurisdictions. The companies said
they are working to obtain additional regulatory approval in
relevant jurisdictions, including the U.S.
The pending combination could grow revenue, save $800 million in
costs and add to adjusted earnings, the companies said.
Write to Dave Sebastian at email@example.com
(END) Dow Jones Newswires
May 12, 2021 08:24 ET (12:24 GMT)
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