Stock Report on Aon Corporation, Hewitt Associates and Blackstone (AON, HEW, BX)

Aon Corporation (NYSE: AON) and Hewitt Associates Inc. (NYSE: HEW) have announced that their respective boards have approved a definitive merger agreement. Under the agreement, Hewitt Associates will merge with a subsidiary of Aon Corporation.

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The transaction is valued at $4.9 billion, with Aon paying a consideration of $50 per share to Hewitt, which represents a 41% premium to Hewitt’s closing price in the previous trading session. The deal will be carried be completed in 50% cash and 50% Aon stock.

Shares of Aon Corporation had closed 0.34% higher at $38.34 in the previous trading session, last Friday. The stock had touched an intra-day high of $38.37. The Aon Corporation stock has a 52-week range of $36.32-$44.34. It has a 50-day moving average of $39.65 and a 200-day moving average of $39.97. The support level for the stock is at $37.82, while the resistance level is at $38.46.

Meanwhile, Hewitt Associates shares had closed 0.40% higher at $35.40, last Friday. The stock had touched an intra-day high of $27.92-$43.85. The Hewitt Associates stock has a 52-week range of $27.92-$43.85.

Hewitt Associates is a provider of human resources consulting and outsourcing solutions. Aon Corporation is a provider of human resources consulting, insurance and reinsurance brokerage and risk management solutions.

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The Blackstone Group L.P. (NYSE: BX), the New York City-based private equity firm, said that will take over the management of an Asian real estate investment portfolio from Bank of America Merrill Lynch. Excluding debt, the value of the real estate portfolio is $2 billion.

Shares of Blackstone Group had closed 3.24% higher at $10.50 in last Friday’s trading session. The stock touched an intra-day high of $10.55. It rose another 0.57% to $10.56 in after-hours trading on Friday.

The Blackstone Group Inc. stock has a 52-week range of $8.63-$17.22. It has a 50-day moving average of $11.04 and a 200-day moving average of $13.06. The support level for the stock is at $9.63, while the resistance level is at $10.69.

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