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July 1, 2015

Willis Group buys Towers for $18B

ARLINGTON, Va. (AP) — The insurer Willis Group Holdings PLC will tie up with Towers Watson in an all-stock deal valued at about $18 billion.

The combined company will be called Willis Towers Watson and will have about $8.2 billion in revenue and approximately 39,000 employees. Willis shareholders will own approximately 50.1 percent, and Towers Watson shareholders will own about 49.9 percent of the business.


 
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