logo
  

Aon, Willis Towers Watson To Sell WTW Assets To Gallagher For $3.57 Bln

Aon plc (AON) and Willis Towers Watson (WLTW) Wednesday said they signed a definitive agreement 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 a total consideration of $3.57 billion. Gallagher is an insurance, risk management, and consulting services company headquartered in Rolling Meadows in Illinois.

The pending combination with Willis Towers Watson is expected to deliver revenue growth, margin expansion through the delivery of better solutions, increased cash flow and earnings growth, and a strong balance sheet, to generate attractive returns for shareholders in the future.

Aon said it remains committed to $800 million of cost synergies through the combination.

For comments and feedback contact: editorial@rttnews.com

Business News

Editors Pick
American Airlines canceled hundreds of flights this weekend and plans to cut more through at least mid-July due to bad weather and staffing shortages, multiple reports said. The shortage of flights come as demand is increasing heavily in the United States with reducing coronavirus cases benefited mainly by increased vaccination. Chinese HR firm 51job, Inc. (JOBS) announced Monday that it has entered into a definitive Agreement and Plan of Merger with Garnet Faith Limited, pursuant to which, and subject to the terms and conditions thereof, Garnet Faith will merge with and into 51job, with 51job being the surviving company, in... Priceline, affiliated to Booking Holdings Inc., is launching Fourth of July Freedom sale with bigger savings on flights, hotels and rental cars for the upcoming summer travel season. The company, which offers exclusive discounts on hotels, flights, alternative accommodations, rental cars, cruises and packages, said the two-week Freedom Sale will feature special discounts and promotions.
Follow RTT