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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. for approximately $4.9 billion in stock and cash.

The Chicago-based insurance broker said it will pay $50 a share for Lincolnshire, Ill.-based Hewitt, representing a 41 percent premium to the company’s closing stock price as of July 9. Aon said the deal would consist of a 50-50 split in cash and Aon stock.

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