’The transaction is expected to close in mid-2024,’ says brokerAon’s acquisition of NFP is on course to be completed in mid-2024 after the deal passed a key test in the US. In an update on the £10.6bn purchase, Aon said that the waiting period over the deal had now expired under the Hart-Scott-Rodino Antitrust Improvements Act of 1976. While the waiting period for Aon’s purchase of NFP has finished, the deal is still subject to the receipt of other applicable regulatory approvals and customary closing conditions. “The transaction is expected to close in mid-2024 and, until closing, Aon and NFP will continue to operate independently,” Aon said. On completion of the deal, NFP will operate as an independent but connected broking business, going to market as ‘NFP, an Aon company’.

Source: The Times February 22, 2024 13:08 UTC