WLTW - Willis Towers gains on reports Aon deal may be getting closer to EU approval
Willis Towers (WLTW) rose 2.1% on reports that Aon's (AON) planned acquisition may be getting closer to gaining European antitrust approval. Aon advanced 2%.On Friday, CTFN reported that talks with the European Commission on the remedies proposed appeared to be going well despite some remaining issues.Separately, it was reported today that the remedy talks with the EC appear to be almost finished, though the concession package has received mixed reviews from the market, according to Dealreporter. The remedy package likely only needs some tweaks.The reports over the last few days contrast with a post from earlier this month from Reuters, which said concessions for the planned $30B purchase of Willis Towers may not be enough to satisfy European antitrust regulators.Recall that in December, the EC opened an in-depth investigation into the proposed merger. The EC has until around May 12 to issue a statement of objections, according to CTFN. If no SO is issued by
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Willis Towers gains on reports Aon deal may be getting closer to EU approval