Aon Offers Fix To Quell EU Concerns Of $30B Willis Takeover
Law360 (April 12, 2021, 6:53 PM EDT) -- U.K. insurance giant Aon has offered European enforcers a package of fixes for its planned $30 billion purchase of rival Willis Towers Watson after the bloc's competition watchdog raised concerns about brokerage services for large multinational corporations.
The companies offered commitments to the European Commission on Friday, according to the agency's case register, ending a suspension of the deadline for the review that had been in effect since February while enforcers awaited information from the parties.
A representative for the commission confirmed on Monday that the companies have submitted a proposed remedy package and said "the clock has been re-started" for...
Stay ahead of the curve
In the legal profession, information is the key to success. You have to know what’s happening with clients, competitors, practice areas, and industries. Law360 provides the intelligence you need to remain an expert and beat the competition.
Access to case data within articles (numbers, filings, courts, nature of suit, and more.)
Access to attached documents such as briefs, petitions, complaints, decisions, motions, etc.
Create custom alerts for specific article and case topics and so much more!