Aon And NFP Issue Joint Statement About The Expiration Of Hart-Scott-Rodino Antitrust Act Waiting Period For Proposed Acquisition Agreement
Portfolio Pulse from Benzinga Newsdesk
Aon plc and NFP announced the expiration of the Hart-Scott-Rodino Antitrust Act waiting period for their proposed acquisition agreement. The transaction, expected to close in mid-2024, is still subject to other regulatory approvals and customary closing conditions. Both companies will operate independently until the closing.
February 21, 2024 | 1:10 pm
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Aon plc's proposed acquisition of NFP progresses as the Hart-Scott-Rodino waiting period expires. The deal is expected to close in mid-2024, subject to further regulatory approvals.
The expiration of the Hart-Scott-Rodino waiting period is a significant regulatory milestone, indicating progress in the acquisition process. This development is likely to be viewed positively by investors as it reduces regulatory uncertainty surrounding the deal. However, the transaction's completion is still subject to other regulatory approvals and customary closing conditions, which introduces some level of uncertainty. Overall, this news is likely to have a positive short-term impact on Aon's stock price, reflecting investor optimism about the strategic benefits of the acquisition.
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