Levi & Korsinsky LLP Announces Investigation of The Proposed Merger By Aon Corporation - AON
Levi & Korsinsky LLP is investigating the proposed merger between AON and HEW.
- New York, NY (1888PressRelease) July 14, 2010 - Levi & Korsinsky is investigating the proposed merger transaction between Aon Corporation ("Aon") (NYSE: AON) and Hewitt Associates, Inc. ("Hewitt" or the "Company") in which AON is offering to pay Hewitt shareholders approximately $50 per share in a combination of $25.61 in cash and 0.6362 percent of AON common stock. The transaction is valued at approximately $4.9 billion, and is expected to close by about October 2010.
The investigation concerns whether Hewitt's Board of Directors breached their fiduciary duties by failing to adequately shop the Company before entering into this transaction and whether Aon is aiding and abetting by underpaying for Hewitt shares, thus unlawfully harming Hewitt's stockholders. At least one analyst set a target price for Hewitt stock at $55.00 per share. Also, Hewitt apparently has not shopped itself to other potential bidders, and Russ Fradin, Hewitt's CEO, will serve as Chairman and Chief Executive Officer of the combined company.
If you own common stock in Hewitt and wish to obtain additional information, please contact Joseph E. Levi, Esq. either via email at jlevi ( @ ) zlk dot com or by telephone at (212) 363-7500 or visit http://www dot zlk dot com/hewitt-associates-hew dot html
Levi & Korsinsky has expertise in prosecuting investor securities litigation and extensive experience in actions involving financial fraud and represents investors throughout the nation, concentrating its practice in securities and shareholder litigation.
CONTACT:
Levi & Korsinsky, LLP
Joseph Levi, Esq.
Eduard Korsinsky, Esq.
30 Broad Street - 15th Floor
New York, NY 10004
Tel: (212) 363-7500
Fax: (212) 363-7171
www.zlk.com
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