DOJ DEMANDS KILLED OFF MERGER DEAL: AON CEO CASE

The US Department of Justice (DoJ) was directly responsible for the end of Aon’s $30bn merger with Willis Towers Watson, the broker's chief executive, Greg Case, said. Speaking following the publication of the broker’s second-quarter 2021 results, Case said the company felt it had no choice but to abandon the merger, despite the progress made to that point, saying the DoJ’s demands would have “stifled innovation” and impeded financial performance. “Meeting these demands would have significantly impacted our existing US business, the potential shareholder value creation of the combination [of the two companies] and our ability to continue to drive ongoing progress against our key financial metrics,” Case said.