U.S. Sues to Block the $30 Billion Aon-Willis Towers Merger
The complaint says the deal will negatively affect American businesses that will likely pay higher fees for lower-quality services.
The U.S. Justice Department sued to block Aon Plc’s proposed $30 billion acquisition of Willis Towers Watson (WTW), saying the deal to create the world’s largest insurance brokerage is anticompetitive.
The department’s antitrust division filed a lawsuit in federal court in Washington asking a judge to stop the deal, arguing that it would create too much concentration in the market and hurt businesses, their employees and retirees.
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