Aon and Willis Towers Watson have agreed to an all-stock merger

Aon and Willis Towers Watson have agreed to a all-stock merger with a combined equity value of $80B.

“Our world-class expertise across risk, retirement and health will accelerate the creation of new solutions that more efficiently match capital with utmet client needs in high-growth areas like cyber, delegated investments, intellectual property, climate risk and health solutions.”

Greg Case, AON CEO

The risk management and insurance brokerage giants expect combined revenue of $20B, adjusted EPS accretion in the high teens and cash flow accretion of more than 10% after achieving synergies, the NewCo will keep AON’s name and headquarters.