India, Aug. 31 -- Professional services firm Aon Plc (AON) announced Monday its agreement to acquire insurance brokerage USI Insurance Services from private-equity firm KKR & Co. Inc.(KKR) in a deal valued at about $17 billion.
The purchase price would be $16.7 billion on a net basis, which reflects approximately $278 million of certain tax attributes.
The deal has been unanimously approved by the Board of Directors of both Aon and USI. The transaction is expected to occur in the fourth quarter of 2026, subject to customary conditions, including regulatory approvals.
Aon and USI will continue to operate independently until the closing date.
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Aon expects...