Gallagher to cancel debt and investigate share buyback as Willis Re deal thwarted
Arthur J Gallagher has confirmed the termination of its deal to buy certain assets from Willis Towers Watson including Willis Re for $3.57bn (£2.52bn) and laid out plans for the funds as the Aon-WTW merger collapsed.
Aon and WTW had agreed to sell the assets to help smooth the regulatory process but the deal struck with Gallagher in May was always dependent on the mega-merger going ahead.
The shock news yesterday
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