Aon plc terminates proposed US$30B aquisition agreement of Willis Towers Watson
July 26, 2021
80.00 Billion USD
On July 26, 2021, Aon plc announced the termination of its US$30 billion proposed acquisition of Willis Towers Watson for an implied combined equity value of approximately US$80 billion. The merger was intended to create a more innovative platform capable of delivering better outcomes for all stakeholders, while Aon's expertise across risk, retirement and health would accelerate the creation of new solutions that more efficiently match capital with unmet client needs in high-growth areas like cyber, delegated investments, intellectual property, climate risk and health solutions.
Aon plc, is a UK-based global professional services firm that sells a range of financial risk-mitigation products, including insurance, pension administration, and health-insurance plans.
Willis Towers Watson is a UK-based multinational risk management, insurance brokerage and advisory company and is the third largest insurance broker in the world.
McCarthy Tétrault advised Aon plc as Canadian counsel with a team led by Jason Gudofsky that includes Debbie Salzberger, Casey Halladay, Michael Caldecott and Julien Beaulieu (Competition) and Randy Bauslaugh, Greg Winfield and Deron Waldock (Pensions).