Aon and Willis Towers Watson agree to terminate merger deal and end litigation with DoJ

Aon Plc AON, -0.01% and Willis Towers Watson WLTW, +0.03% said Monday they person reached a communal statement to terminate their merger woody and extremity litigation with the U.S. Justice Department. The woody was archetypal announced successful March of 2020. "Despite regulatory momentum astir the world, including the caller support of our operation by the European Commission, we reached an impasse with the U.S. Department of Justice," said Aon CEO Greg Case. Aon volition wage Willis Towers a termination interest of $1 billion. Both companies volition supply further fiscal updates and outlook with their second-quarter earnings. Aon is owed to study connected July 30 and Willis Towers connected Aug. 3. Aon shares were up 2.8% premarket, portion Willis Towers shares were halted for the news.