Bernstein Liebhard LLP Announces Investigation of Acquisition of Hewitt Associates, Inc. by Aon Corp.
July 12 2010 - 12:22PM
Business Wire
Bernstein Liebhard LLP is investigating whether the Board of
Directors of Hewitt Associates, Inc. (“Hewitt” or the “Company”)
(NYSE: HEW) breached its fiduciary duty to its shareholders in
agreeing to sell Hewitt to Aon Corp. (“Aon”) (NYSE: AON).
Under the terms of the agreement, Hewitt shareholders will
receive $25.61 in cash and approximately 0.64 percent of a share in
Aon stock for each share they own, placing the total value of the
transaction at approximately $4.9 billion. The total payment will
be approximately $2.45 billion in cash and 64 million shares. Aon
plans to integrate Hewitt with its existing Aon Consulting
operations and run the segment under the newly created Aon Hewitt
brand. The investigation is focused on the potential unfairness of
the price to Hewitt shareholders and the process by which the
Hewitt Board of Directors considered and approved the
transaction.
If you are interested in discussing your rights as a Hewitt
shareholder and/or have information relating to the matter, please
contact U. Seth Ottensoser at (877) 779-1414 or
Ottensoser@bernlieb.com.
Bernstein Liebhard has pursued hundreds of securities, consumer
and shareholder rights cases and recovered almost $3 billion for
its clients. It has been named to The National Law Journal’s
“Plaintiffs’ Hot List” in each of the last seven years.
Bernstein Liebhard LLP10 East 40th StreetNew York, New York
10016(877) 779-1414www.bernlieb.com
ATTORNEY ADVERTISING. © 2010 Bernstein Liebhard LLP. The law
firm responsible for this advertisement is Bernstein Liebhard LLP,
10 East 40th Street, New York, New York 10016, (212) 779-1414.
Prior results do not guarantee or predict a similar outcome with
respect to any future matter.
Hewitt Assoc A (NYSE:HEW)
Historical Stock Chart
From Aug 2024 to Sep 2024
Hewitt Assoc A (NYSE:HEW)
Historical Stock Chart
From Sep 2023 to Sep 2024