M&A
confidence high
sentiment neutral
materiality 0.60
WTW and AJG amend Willis Re sale agreement; set closing dates and fix exchange rates
WILLIS TOWERS WATSON PLC
- Closing Letter Agreement signed December 1, 2021 amends SAPA for Willis Re sale.
- Deferred closings set for March 1, 2022 (most countries) and June 1, 2022 (China).
- Exchange rates fixed as of November 23, 2021 Bloomberg BFIX.
- Adds Brexit Ledger Run-off and Transfer Agreement, Co-Broking and Sub-Broking agreements.
- Purchase price and other material terms unchanged from original SAPA.