Gallagher to Buy Willis Re, Other WTW Units
The divestments, which total more than $3.5 billion, are being made to move the Aon-WTW merger forward.
In an effort to appease regulators’ competition concerns for the proposed merger with Aon, Willis Tower Watson (WTW) has agreed to sell Willis Re and other divisions to Arthur J. Gallagher Co. in a deal that is valued at $3.57 billion, according to the purchasing company.
The closing of this transaction is contingent on the completion of the Aon/WTW merger and other closing conditions, Aon reported.
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