NU Online News Service, Sept. 24, 10:57 a.m. EDT
Aon Corp. said it plans to complete the acquisition of Hewitt Associates Inc. on or about Oct. 1.
In a statement today, the Chicago-based insurance broker said the planned merger is subject to "the satisfaction of customary closing conditions, including the receipt of certain regulatory approvals."
Aon said in connection with the deal that Hewitt shareholders have until Sept. 29 to elect the form of compensation they wish to receive for their holdings. Those who do not designate their allocation by the deadline will receive a combination of Aon stock and cash.
Aon announced plans on July 11 to acquire Hewitt, a human resource consulting and outsourcing solutions firm based in Lincolnshire, Ill., for approximately $4.9 billion in stock and cash.
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