DOJ sues to block $30B Aon-Willis Towers Watson merger
The combined company would be the world's biggest insurance broker.
By David McLaughlin and Max Reyes|June 17, 2021 at 10:34 AM|The original version of this story was published on ThinkAdvisor
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The U.S. Justice Department sued to block Aon PLC’s proposed $30 billion acquisition of Willis Towers Watson, saying the deal to create the world’s largest insurance brokerage is anticompetitive.
The department’s antitrust division filed a lawsuit in federal court in Washington asking a judge to stop the deal, arguing that it would create too much concentration in the market and hurt businesses, their employees and retirees.
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