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Article: Willis Acquisition of Hilb Rogal & Hobbs Clears Hart-Scott-Rodino Review.
- Article from:
- Business Wire
- Article date:
- July 2, 2008
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NEW YORK -- Willis Group Holdings Limited (NYSE: WSH), the global insurance broker, today announced that the U.S. Federal Trade Commission has cleared review of Willis' pending acquisition of Hilb Rogal & Hobbs ("HRH") under the Hart-Scott-Rodino Antitrust Improvements Act by granting early termination of the waiting period.
On June 8, 2008, Willis announced its entry into a definitive agreement to combine both companies. The transaction, which is expected to close in the fourth quarter of 2008, remains subject to the satisfaction of other conditions, including approval by HRH's shareholders and other required regulatory clearances.
"We are very pleased ...