Aon plc (NYSE:AON) Files An 8-K Completion of Acquisition or Disposition of Assets

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Aon plc (NYSE:AON) Files An 8-K Completion of Acquisition or Disposition of Assets

Item 2.01 Completion of Acquisition or Disposition of Assets

On May 1, 2017, Aon plc (the Company) completed the previously
announced sale (the Disposition) of its benefits administration
and business process outsourcing business (the Tempo Business) to
Tempo Acquisition, LLC (the Buyer), an entity formed and
controlled by affiliates of The Blackstone Group L.P. (the
Sponsor), and certain designated purchasers that are direct or
indirect subsidiaries of the Buyer to a Purchase Agreement
entered into on February 9, 2017 (as amended, the Purchase
Agreement).
The Buyer has purchased all of the outstanding equity interests
in each of the Business Subsidiaries (as defined in the Purchase
Agreement), plus certain related assets, for a purchase price of
(i) $4.3 billion>in cash paid at closing, subject to customary
adjustments set forth in the Purchase Agreement, and (ii)
deferred consideration of up to $500 million, plus the assumption
of certain liabilities.
There are no material relationships between the Company and the
Buyer or any of their respective affiliates, other than in
respect of the Purchase Agreement and the related ancillary
agreements.
The Company has attached as Exhibit 99.1 unaudited pro forma
condensed consolidated financial information to illustrate the
pro forma effects of this Disposition.
Item 9.01. Financial Statements and Exhibits
(b) >Pro Forma Financial Information
Certain unaudited pro forma condensed consolidated financial
information of the Company giving effect to the Disposition is
filed as Exhibit 99.1 hereto and incorporated herein by
reference.
(d) Exhibits

Exhibit
Number
Description of
Exhibit
99.1
Unaudited pro forma condensed consolidated financial
information.


Aon plc (NYSE:AON) Recent Trading Information

Aon plc (NYSE:AON) closed its last trading session up +1.07 at 122.27 with 824,019 shares trading hands.