NU Online News Service, Sept. 21, 12:00 p.m. EDT
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.
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 a 50-50 split in stock and cash.
Aon said the transaction is still subject to regulatory approval and is expected to close by mid-November.
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