NU Online News Service, Sept. 21, 12:00 p.m.EDT
|Chicago-based insurance broker Aon said its stockholdersapproved a deal to purchase Hewitt Associates Inc. at a specialmeeting yesterday. The firm said stockholders of Hewitt approvedthe deal earlier in the day.
|Aon announced plans to acquire Hewitt, the Lincolnshire,Ill.-based human resource and outsourcing firm, back in July(http://www.property-casualty.com/Issues/2010/July-19-2010/Pages/Aon-To-Buy-Hewitt-Associates-For-49-Billion.aspx?k=Hewitt), for about $4.9 billion in stock and cash. The deal consists of a50-50 split in stock and cash.
|Aon said the transaction is still subject to regulatory approvaland is expected to close by mid-November.
Want to continue reading?
Become a Free PropertyCasualty360 Digital Reader
Your access to unlimited PropertyCasualty360 content isn’t changing.
Once you are an ALM digital member, you’ll receive:
- All PropertyCasualty360.com news coverage, best practices, and in-depth analysis.
- Educational webcasts, resources from industry leaders, and informative newsletters.
- Other award-winning websites including BenefitsPRO.com and ThinkAdvisor.com.
Already have an account? Sign In
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
