Press Release – Commerce Commission Aon plc has formally withdrawn its application to the Commerce Commission for clearance to acquire Willis Towers Watson Public Limited Company. The Commission had been scheduled to make a decision on Aons clearance application by 20 August 2021. Background …
Aon plc has formally withdrawn its application to the Commerce Commission for clearance to acquire Willis Towers Watson Public Limited Company.
The Commission had been scheduled to make a decision on Aon’s clearance application by 20 August 2021.
Background
Aon and Willis Towers Watson (WTW) are both publicly traded, global professional services firms that specialise in risk management.
In New Zealand, Aon and WTW both provide a range of broking services, including for commercial risk, reinsurance, group health and welfare benefits, and personal and life insurance. In addition, both firms provide investment consulting services to institutional investors.
Date Time
Aon withdraws application for Willis Towers Watson acquisition
Aon plc has formally withdrawn its application to the Commerce Commission for clearance to acquire Willis Towers Watson Public Limited Company.
The Commission had been scheduled to make a decision on Aon’s clearance application by 20 August 2021.
Background
Aon and Willis Towers Watson (WTW) are both publicly traded, global professional services firms that specialise in risk management.
In New Zealand, Aon and WTW both provide a range of broking services, including for commercial risk, reinsurance, group health and welfare benefits, and personal and life insurance. In addition, both firms provide investment consulting services to institutional investors.
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News Category Global Banking & Finance Reviews
Aon Confirms the European Commission Has Initiated a Phase II Review of Combination with Willis Towers Watson
Aon Confirms the European Commission Has Initiated a Phase II Review of Combination with Willis Towers Watson
DUBLIN, Dec. 21, 2020 /PRNewswire/ Aon plc (NYSE: AON), a leading global professional services firm providing a broad range of risk, retirement and health solutions, confirmed today that the European Commission (EC) has initiated a Phase II review in connection with its combination with Willis Towers Watson Public Limited Company. The Phase II review is a common next step in the review process for a transaction of this size and complexity under EU Merger Regulation and the firm remains on track to close the combination in the first half of 2021.