Sidley Austin Advises Aon In $5B Hewitt Purchase

Law360, New York (July 12, 2010, 12:30 PM EDT) -- Insurance broker Aon Corp. has agreed to purchase human resources consulting and outsourcing company Hewitt Associates Inc. for $4.9 billion in cash and stock in a bid to beef up its consulting operations.

Under the terms of the deal, jointly announced Monday by the companies, Chicago-based Aon will integrate Hewitt into its existing consulting and outsourcing operations, known as Aon Consulting, and operate the segment globally under the newly created Aon Hewitt brand.

Russ Fradin, chairman and CEO of Hewitt, will stay on board to serve...
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