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BRIEF-Aon says Blackstone will pay a $215 mln termination fee if agreement is terminated
February 10, 2017 / 12:22 PM / 8 months ago

BRIEF-Aon says Blackstone will pay a $215 mln termination fee if agreement is terminated

Feb 10 (Reuters) - Aon Plc -

* Blackstone will be required to pay to Aon a $215 million termination fee if purchase agreement is terminated under certain circumstances

* Blackstone, co have the right to terminate the purchase agreement if the closing has not occurred on or before August 9, 2017

* Blackstone’s obligations under the purchase agreement are not conditioned on receipt of financing

* Will continue to be significant client of benefits administration and business process outsourcing business

* Benefits administration and business process outsourcing business has agreed to use Aon for broking and other services Source text: [bit.ly/2l10cRF] Further company coverage:

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