GALLAGHER MIGHT BUY ADDITIONAL AON/WTW ASSETS

Gallagher may buy more assets from Aon/Willis Towers Watson, following this week’s announcement that it is to acquire a block of WTW assets for $3.6bn. The deal between the three companies is hoped to be the catalyst for the planned merger of Aon and WTW. In a filing to the US Securities and Exchange Commission on May 12, Gallagher said: “Completion of the Aon Willis transaction depends upon antitrust clearance in a number of jurisdictions, including Australia, the EU, New Zealand, Singapore and the US. Completion of the transaction and the Aon Willis transaction are also subject to certain other customary closing conditions. “In certain circumstances, the company may be required to purchase additional operations of Willis or the seller to the extent necessary for obtaining regulatory clearances relating to the Aon-Willis transaction.”