Insurance broker Willis and consultancy Towers Watson are planning an $18bn merger that promises cost savings of between $100m and $125m over a three-year period.
Willis has its headquarters in the UK but is listed in the US and domiciled in Ireland. Together the companies employ 39,000 people globally.
Shareholders in Willis will have a 50.1% stake in the merged entity, which will be called Willis Towers Watson.
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The Independent, p. 49
