Aon and Willis Towers Watson have signed a definitive agreement to merge in an all-stock transaction. The merger has an implied combined equity value of approximately $80 billion.
Following the deal, the company will be named Aon and will serve as a technology-enabled global professional services firm focused on risk, retirement and health, headquartered in London.
“The combination of Willis Towers Watson and Aon is a natural next step in our journey to better serve our clients in the areas of people, risk and capital,” said John Haley, CEO of Willis Towers Watson.
Greg Case, CEO of Aon added, “This combination will create a more innovative platform capable of delivering better outcomes for all stakeholders, including clients, colleagues, partners and investors.”
Haley will serve as executive chairman with a focus on growth and innovation strategy. Case will lead the new firm, along with Aon CFO Christa Davies.
Under the terms of the agreem