logo
  

European Commission Extends Deadline For Aon/Willis Towers Deal - Quick Facts

The European Commission has extended deadline for Aon plc/Willis Towers Watson deal by ten working days to July 27, 2021. The transaction was notified to the Commission on 16 November 2020. In December, the European Commission opened an in-depth investigation to assess the proposed acquisition, under the EU Merger Regulation.

Last year, Aon plc (AON) and Willis Towers Watson (WLTW) agreed to combine in an all-stock deal with an implied combined equity value of approximately $80 billion. Upon completion, Aon shareholders will own approximately 63% and Willis Towers Watson shareholders will own approximately 37% of the combined company. Closing was anticipated in the first half of 2021.

For comments and feedback contact: editorial@rttnews.com

Business News

Editors Pick
Hedge-fund billionaire William Ackman's Pershing Square Tontine Holdings Ltd. (PSTH) agreed to acquire 10% of Universal Music Group from French media conglomerate Vivendi (VIV.L, VIVEF.PK) for about $4 billion, the companies said in a statement on Sunday. The 737 MAX 10, Boeing Co.'s largest 737 Max model, is taking its maiden flight today, reports said citing people familiar with the matter. The flight after months of testing and certification will be around 10 a.m. local time from the Seattle area. The schedule could change depending on weather or other factors. Meanwhile, the jetliner is expected to enter commercial service in 2023. Medical devices supplier Smiths Medical, affiliated to Smiths Group plc, is recalling certain Jelco Hypodermic Needle-Pro Fixed Needle insulin syringes with skewed graduation markings, the U.S. Food and Drug Administration said. The recall was initiated after the company became aware of specific models and lots of Jelco insulin syringes that may exhibit skewed odd number line graduation markings.
Follow RTT