Aon closes $4.8bn sale of benefits operation

Aon's $4.8bn deal with private-equity firm Blackstone for
the Aon Hewitt benefits administration and HR business process
outsourcing platform has closed, according to the global
broker.
Blackstone had previously agreed to pay $4.3bn at closing and an
additional payment of up to $500mn based on future performance.
Total after-tax cash proceeds from the transaction will be about
$3bn, Aon said yesterday.
"The completion of this transaction reinforces our position
as the leading global professional