News Update: Aon volatility flat into $4.9B purchase of Hewitt Associates

Aon Corporation (AON) will purchase Hewitt Associates (HEW) for $50 per HEW share or approximately $4.9B, consisting of 50% cash and 50% Aon stock. Aon expects the transaction to be significantly accretive to cash earnings in 2011. Aon overall option implied volatility of 23 is near its 26-week average of 21 according to Track Data, suggesting non-directional price movement.

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