(Reuters) – European Union antitrust regulators have suspended their investigation into Aon PLC's $ 30 billion bid for Willis Towers' Watson PLC while waiting for the US insurance broker to provide the information required for the case.
The European Commission, which launched its probe in December due to concerns the deal to create the world's largest insurance broker could hurt competition in major markets, said it stopped at Monday. "In due time, important information requested by the Commission from them", said a spokeswoman for the EU Competition Officer.
"When the missing information is provided by the parties, the clock will start again and the deadline for the Commission decision will be adjusted accordingly," she said
Aon declined to comment.
The earlier deadline for the EU decision on the deal was May 1
The merged entity would skip current global leaders Marsh & McLennan Cos. Inc.