Aon has confirmed that it is in the “early stages” of considering an all-share business acquisition with rival Willis Towers Watson (WTW).
In a statement, Aon said: "The company confirms that it is in the early stages of considering an all-share business combination with Willis Towers Watson."
Aon emphasized that the potential transaction is at a "preliminary stage" and "there can be no certainty" that any transaction will take place nor as to the form or terms on which any transaction might be pursued.
The company highlighted the media speculation around the acquisition in its statement. There were several reports yesterday, 5 March, regarding the deal. Bloomberg reported that Aon was considering a US$24bn bid for WTW, which saw WTW's shares reach an all-time high.
According to data compiled by Bloomberg, if Aon does buy WTW, then it could overtake Marsh & McLennan (Marsh) as the world's largest brokerage firm by revenue. However, last year, Marsh purchased JLTfor US$5.6bn.
WTW was formed in 2016 through Willis Group Holdings US$8.9bn acquisition of the consultancy firm Towers Watson.
Aon stated that a further announcement will be made in due course.
Latest News
-
Bank of England holds interest rates at 4.75%
-
IHT receipts increase by 11% year-on-year
-
Lendco renews £400m BTL warehouse line
-
Housing market beats expectations in 2024, Halifax finds
-
Homeowners ‘pessimistic’ over economy’s future, study finds
-
Annual price growth jumps to 3.4%, Land Registry data shows
The UK housing market in 2024
The performance of the UK housing market in 2024 has largely exceeded many people's expectations, although challenges remain for first-time buyers due to house prices increasing and a testing rental market for many. Regional disparities, such as the North-South divide, also continue to influence housing accessibility and affordability for many buyers in pockets of the country.
Intergenerational lending
MoneyAge News Editor, Michael Griffiths, hosts Family Building Society BDMs, Amar Mashru and Arif Kara, to discuss intergenerational lending and explore ways that buyers can use family income to help increase their borrowing capacity when applying for a mortgage
Helping landlords make their cash work harder
MoneyAge Editor, Adam Cadle, talks to Family Building Society BDMs, Arif Kara and Nathan Waller, about the resilient BTL market, the wide variety of landlords that Family Building Society caters for, and how niche products like an Offset mortgage can help improve cashflow.
© 2019 Perspective Publishing Privacy & Cookies
Recent Stories