Aon and Willis Towers Watson have announced that their respective shareholders have approved “all proposals necessary” to complete the previously announced merger of the two groups.
The combination, which remains subject to customary regulatory and other closing conditions, is expected to close in the first half of 2021.
Upon its closure, Willis Towers Watson shareholders will receive 1.08 Aon shares in exchange for each Willis Towers Watson share they held immediately prior to the closing.
Greg Case, CEO of Aon, said: “On behalf of Aon’s Board of Directors and executive team, I would like to thank our shareholders for their overwhelming support of the proposed combination with Willis Towers Watson.
“Our combination, which will accelerate innovation and strengthen our capability to provide more relevant solutions for clients, has only become more important through the COVID-19 pandemic.”
He added: “The events of 2020 are illustrative of the exact type of transformative long-tail risk our new organization will be best positioned to address, creating significant value for clients, colleagues, and shareholders.”
John Haley, CEO of Willis Towers Watson, said: “Today marks an important milestone towards completing the transaction. The vote reflects our shareholders’ confidence in this next step of our journey.
“We are pleased with the outcome of today’s meetings and we thank all of our shareholders for their support of this combination that will bring together our complementary strengths and expand our capacity to address unmet client needs.”