Aon and Willis call off $30bn merger after ‘impasse’ with US regulators

  • 📰 BDliveSA
  • ⏱ Reading Time:
  • 42 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 20%
  • Publisher: 63%

Canada News News

Canada Canada Latest News,Canada Canada Headlines

Aon will pay Willis a $1bn termination fee

, the timing and financial impact of which was not immediately clear. Aon reports second-quarter results on Friday. Willis said on Monday it would boost share repurchases by $1bn.

Walton, who has been assigned criminal cases related to the January 6 US Capitol attack, warned that those could be heard before the Aon-Willis-justice department suit, which risked further delaying the deal’s approval. Solving the remaining justice department issues also posed a threat to customers and employees because the businesses are not organised by client size, making selling parts difficult, the source said.

The justice department had also alleged the combination would reduce competition in reinsurance broking, retirement and pension planning and private retiree multicarrier healthcare exchanges. But the sides had begun finalising settlement on those issues. Aon also said it had extended by three years the employment contracts of Case and CFO Christa Davies, to April 1 2026, to provide stability.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 12. in CA
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

I want to use this medium to thank Rebeccamarcus70 for helping me to benefit from this platform, in just a week I got my profits without any additional fees. All thanks to him and his platform. They're indeed the best Rebeccamarcus70

Canada Canada Latest News, Canada Canada Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

MARKET WRAP: JSE flat after tug of war between industrials and minersThe rand tested R15/$ in intraday trade as risk-off global sentiment persisted
Source: BDliveSA - 🏆 12. / 63 Read more »