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AON

The Australian Consumer and Competition Commission has today announced that it has preliminary competition concerns with Aon plc’s (Aon) proposed merger with Willis Towers Watson plc (WTW).

Note, unusually, this is actually a merger not a takeover: a new combined company will be owned as to approx 2/3 by AON and 1/3 by Willis shareholders. While shareholders have approved the deal, competition authorities around the world are not inclined to give an automatic nod.

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