Willis Towers Watson to acquire TRANZACT for $1.2B

Apr. 01, 2019 5:58 AM ETWillis Towers Watson Public Limited Company (WTW)By: Niloofer Shaikh, SA News Editor
  • Willis Towers Watson (WLTW) has acquired TRANZACT for $1.2B, comprises of $1.1B of cash consideration and $100M of cash or stock consideration payable at close.
  • John Haley, CEO of Willis Towers Watson, said, “We are delighted to announce the acquisition of TRANZACT which represents a significant growth opportunity in the direct-to-consumer U.S. health care space and speaks to Willis Towers Watson’s renewed focus on strategic M&A opportunities. This deal will accelerate our direct-to-consumer strategy and help create an end-to-end consumer acquisition platform.”
  • The transaction is expected to close in 3Q19 and will be immediately accretive to company on an adjusted earnings per share basis.

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