Shareholder Brings Suit Over $5B Aon-Hewitt Merger

Law360, New York (July 28, 2010, 5:33 PM EDT) -- Insurance broker Aon Corp. and human resources consulting and outsourcing company Hewitt Associates Inc. are facing a shareholder class action over Aon's offer to buy Hewitt for $4.9 billion in cash and stock.

Hewitt shareholder Daniel A. Kaberon filed a putative class action complaint against the two companies and Hewitt's board of directors in the Delaware Chancery Court on Wednesday, alleging the deal price is “unfair and grossly inadequate.”

“The intrinsic value of Hewitt’s common stock is materially in excess of the amount offered, given the...
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