The European Commission (EC) has approved Aon Corporation's proposed acquisition of Hewitt Associates, finding that the transaction "would not significantly impede effective competition in the European Economic area (EEA) or any substantial part of it."
Large U.S. employers are expecting to pay an average of $9,821 in health insurance premiums per employee in 2011, up from an average of $9,028 this year.
Chicago-based insurance broker Aon said its stockholders approved a deal to purchase Hewitt Associates Inc. at a special meeting yesterday. The firm said stockholders of Hewitt approved the deal earlier in the day.
Looking to become more of a powerhouse in the global consulting business while bolstering cross-selling opportunities, Aon Corp. announced last week it will acquire human resource and outsourcing firm Hewitt Associates Inc.