Market Chatter: Arthur J. Gallagher Makes Play for Aon, Willis Assets
06:19 AM EDT, 05/10/2021 (MT Newswires) -- Arthur J. Gallagher (AJG) is engaged in discussions to purchase a portfolio of assets from Aon Plc (AON) and Willis Towers Watson (WLTW) for about $3 billion, Bloomberg News reported, citing unidentified sources.
The potential transaction is part of the approval process for Aon's $30 billion merger with Willis Towers Watson, and an agreement could be reached in the coming weeks, sources told the news outlet.
The deal will include assets in Germany, Spain, France and the Netherlands along with Willis Towers Watson's reinsurance business, according to the report.
(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)
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