Tripp Levy PLLC Investigates Buyout of Hewitt by Aon
11 Agosto 2010 - 3:29PM
Business Wire
Tripp Levy PLLC announces that a complaint has been filed on
behalf of shareholders of Hewitt Associates, Inc. (NYSE: HEW)
alleging breaches of fiduciary duty and other violations of state
law by the Board of Directors Hewitt related to its agreement to
merge with Aon Corporation (NYSE: AON). Under the terms of the
definitive agreement entered into by the parties, Hewitt
stockholders will be entitled to receive $25.61 in cash and 0.6362
shares of Aon common stock for each share of Hewitt common stock
they own. The proposed transaction values Hewitt stock at
approximately $49.38 per share, based on the closing price of Aon
common stock on August 10, 2010.
The lawsuit concerns, among other things, whether shareholders
of Hewitt were adequately informed regarding the going forward
value of not only Hewitt but also of Aon, and whether such lack of
information will deprive shareholders their right to adequately
assess whether to vote in favor of the merger, including whether
the value they are receiving for their shares is fair.
If you purchased Hewitt common stock prior to July 12, 2010 and
still own any such shares of Hewitt, and you wish to discuss this
matter with us, or have any questions concerning your rights and
interests with regard to this matter, please contact
Tripp Levy Tripp Levy PLLC 125 East 82nd Street 9th Floor New York,
New York Toll Free: 877-772-3975
Email: contact@tripplevy.com
Tripp Levy PLLC is a national law firm that specializes in
mergers & acquisitions, takeover litigation, shareholder
rights, and corporate governance matters in state and federal
courts throughout the United States.
Attorney advertising. Prior results do not guarantee a similar
outcome.
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