NU Online News Service, March 16, 4:10 p.m.EDT

Shareholders approved, by an overwhelming majority, insurancebroker Aon's plan to move its company headquarters from Chicago toLondon.

An Aon spokesman says the vote in favor of the move wascompleted today at a shareholders meeting that officially finishedlate this afternoon.

Of the 82 percent of outstanding shares that were voted, 98percent of the shares voted in favor of the plan, an Aon spokesmansays.

The firm needed 67 percent of outstanding shares in order tohold a quorum on the matter.

The move, which will locate a number of senior executives toLondon, is expected to be completed by the end of March or earlyApril, the spokesman says.

Earlier this year, Aon announced it was moving to London to be closer to the Lloyd'smarket, but the move would not result in any job losses.

The move would give the company access to more than $300 million in cash sitting on itsoverseas and reduce its corporate tax rate, something looked onfavorably by at least one rating agency.

It is also expected that once the move is completed, the firm should see an increase in its shareprice since that will eliminate some concerns about capital gainstax.