Aon Corporation (NYSE: AON) and Hewitt Associates, Inc. (NYSE: HEW) to merge. for $4.9 billion. The aggregate consideration is valued at $50 per Hewitt share, which represents a 41% premium to Hewitt's closing stock price on July 9, 2010. This merger is a combination of 50% cash and 50% Aon stock.
Transaction Creates Global Leader in Human Capital Solutions.
Aon Corporation (NYSE: AON) is the leading global provider of risk management services, insurance and reinsurance brokerage, and human capital consulting.
Jefferies Group, Inc. (NYSE: JEF) Board of Directors declared a quarterly dividend of $0.075 per share of common stock, payable on August 16, 2010 to stockholders of record on July 15, 2010.
Jefferies, a major global securities and investment banking firm
The board of directors of Best Buy Co., Inc. (NYSE: BBY) declared an increase in the company’s quarterly cash dividend to 15 cents per common share, a 7-percent increase compared with the existing dividend of 14 cents per common share. The change will be effective with the quarterly dividend which, would be payable on Oct. 26, 2010, to shareholders of record as of Oct. 5, 2010. Best Buy paid its first cash dividend in December 2003.
With operations in the United States, Canada, Europe, China, Mexico and Turkey, Best Buy is a multinational retailer of technology and entertainment products and services
Freeport-McMoRan Copper & Gold Inc. (NYSE: FCX) declares a cash dividend of $0.30 per share payable on August 1, 2010 to holders of record as of July 15, 2010 for its common stock.
FCX is a leading international mining company
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Disclosure: No positions
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Institutional Investors Conference in New York, October 19, 2010