Freshfields advises Aon on its $80bn recommended all share combination with Willis Towers Watson
Freshfields Bruckhaus Deringer LLP (‘Freshfields’) is advising Aon plc (‘Aon’) on its all-stock combination with Willis Towers Watson (‘WTW’) with an implied combined equity value of approximately $80bn.
Aon shareholders will own approximately 63 per cent, while existing WTW shareholders will own approximately 37 per cent of the combined company. The proposed combination will be implemented by means of a court-sanctioned Irish scheme of arrangement of WTW.
The combination is expected to be completed in the first half of 2021.
Greg Case, Aon CEO said “This combination will create a more innovative platform capable of delivering better outcomes for all stakeholders, including clients, colleagues, partners and investors. Our world-class expertise across risk, retirement and health will accelerate the creation of new solutions that more efficiently match capital with unmet client needs in high-growth areas like cyber, delegated investments, intellectual property, climate risk and health solutions.”
The Freshfields team working with Aon General Counsel Darren Zeidel and his team was led by partners Julian Long, Martin McElwee, Andrew Murphy and James Smethurst.
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