M&A
confidence high
sentiment positive
materiality 0.80
Aon completes $13B acquisition of NFP; faster close accelerates accretion and FCF benefit
Aon plc
- Enterprise value $13.0B ($7.0B cash/assumed liabilities + $6.0B equity in ~19M Aon shares).
- Faster-than-expected close contributes to accretion and free cash flow benefit a year earlier than modeled.
- NFP to operate as independent & connected platform delivering Risk Capital and Human Capital capabilities.
- Early settlement date for NFP debt tender offers set for April 26; total consideration per $1K principal ranges from $1,020 to $1,108.