Hewitt Associates, Inc. Merger Litigation (NYSE: HEW)
Law Office of Brodsky & Smith, LLC Announces Investigation of Hewitt Associates, Inc.
BALA CYNWYD – (BUSSINESS WIRE) Law office of Brodsky & Smith, LLC announces that it is investigating potential claims against the Board of Directors of Hewitt Associates, Inc. (“Hewitt” or the “Company”) (NYSE: HEW – News) relating to the proposed acquisition by Aon Corporation (“Aon”). Under the terms of the proposed transaction, Hewitt shareholders would receive $25.61 in cash and 0.6362 shares of Aon common stock for each share of Hewitt common stock they own.
The investigation concerns possible breaches of fiduciary duty and other violations of state law. It has been reported that Hewitt did not talk to any other potential buyers before agreeing to sell. The share price of Aon declined approximately 7 percent after the proposed transaction was announced. Hewitt shareholders need additional information to know what actions the board took to adequately shop the Company and whether Aon is underpaying for Hewitt, resulting in harm to the Hewitt shareholders.
If you own shares of Hewitt and wish to discuss the legal ramifications of the proposed transaction, or have any questions, you may e-mail or call the law office of Brodsky & Smith, LLC who will, without obligation or cost to you, attempt to answer your questions. You may contact Jason L. Brodsky, Esquire or Evan J. Smith, Esquire at Brodsky & Smith, LLC, Two Bala Plaza, Suite 602, Bala Cynwyd, PA 19004, by e-mail at investorrelations@brodsky-smith.com, or by calling toll free 877-LEGAL-90.
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