Aon to acquire JPMorgan unit

Posted March 19, 2010 at 5:50 a.m.

By Ameet Sachdev
| Aon Corp.’s employee-benefit consulting unit has agreed to acquire JPMorgan Compensation and Benefit Strategies, a division of the bank’s retirement-plan services.
 
The transaction will expand Aon Consulting’s offerings in pension and health care actuarial services. Terms of the deal, which is expected to close at the end of the month, were not disclosed.


The deal is expected to add about 150 employees to Aon Consulting’s work
force of 6,300 people.
 
Aon’s stock was up 22 cents to $42.56 in morning trading on the New York
Stock Exchange.

 

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