Aon plc (AON) Form 8-K — Aug 31, 2026
Aon plc filed an 8-K on August 31, 2026 disclosing that on August 30, 2026 it entered into a definitive Agreement and Plan of Merger to acquire USI Advantage Corp., a middle-market insurance brokerage backed by KKR, CDPQ, and Integrum Holdings, for a purchase price of $17 billion in cash, subject to downward adjustments for leakage since June 30, 2026. USI equity holders will receive $57.50 per share in cash (less leakage adjustments), with holders of restricted stock receiving a mix of cash and substituted Aon restricted share awards under rollover arrangements.
Key figures
- Deal Value Usd
- 17000000000
- Outside date
- June 1, 2027, subject to two three-month extensions for regulatory approvals
- Earliest closing date
- October 19, 2026 (Inside Date)
- Usi senior notes coupon
- 7.500%
- Usi senior notes maturity
- 2032
- Usi quarterly dividend cap
- $0.50 per share per quarter permitted pre-closing
- Usi senior notes principal
- 620000000
- Usi common shares outstanding
- 203972384
- Usi option shares outstanding
- 23658753
- Per share merger consideration
- $57.50 in cash, minus per-share portion of closing leakage amount
- Usi restricted shares outstanding
- 1097137
- Interest rate swap notional march 2025
- $525,000,000 (J. Aron & Company LLC)
- Interest rate swap notional march 2026
- $475,000,000 (J. Aron & Company LLC)
Price after filing
Close on the filing date to close N calendar days later (from $321.52). Historical, not a forecast.
AI analysis
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