Aon (AON) To Buy Hewitt (HEW) for $4.9 Billion
July 12, 2010 at 11:28 AM EDT
Aon Corp. (AON), the world’s largest insurance broker, dropped the most in more than a year after agreeing to buy human resources outsourcing co. Hewitt Associates Inc. (HEW) for $4.9 billion in cash and stock. The purchase, which represents a 40% premium to Hewitt Friday’s closing price, valuing the stock at $50 a share, is [...]
