EU To Rule On Aon-Willis Merger Next Month 

Aon is seeking European Union antitrust approval for its $30 billion deal to acquire Willis Towers. The EU regulator has set a deadline of December 21 for its decision, according to a Reuters report.

The deal would create the world’s largest insurance broker. Aon and Willis Towers are currently the second and third-largest brokers in the world, after Marsh & McLennan Companies, Reuters reported.

The European Commission can clear the transaction with or without concessions after its preliminary review, or it can open a four-month investigation if it has serious concerns.

Aon made an earlier bid to acquire Willis last year, but dropped the bid after the news broke in media reports.

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