Blackstone clinches unit of Aon Hewitt

Private equity group Blackstone is understood to have prevailed
in the auction for Aon Hewitt's benefits outsourcing group,
agreeing to pay about $4.8bn for the business.
The price exceeds the $4.5bn that rival PE firm Clayton Dubilier
& Rice agreed to pay for the unit last month, according to
Reuters, which was the first to report that Aon had instead struck
the deal with Blackstone.
Aon is set to publish fourth-quarter results later today and is
understood to be preparing...