Hewitt accepts 5,500 shares in tender offer

By Lisa Kerner

Charlotte, N.C., Sept. 13 - Roughly 5,500 class A shares were tendered in Hewitt Associates, Inc.'s modified Dutch auction tender offer that ended on Sept. 12.

The purchase price for the shares is $32.00 each, according to a company news release.

Results are preliminary and subject to confirmation by the depositary.

On Aug. 7, Hewitt announced its tender offer for up to 15.625 million shares, or some 14%, of its outstanding class A common stock, priced between $28.75 and $32.00. The offer was originally set to end on Sept. 5.

Dealer manager for the tender offer was Goldman, Sachs & Co., and the information agent was Georgeson, Inc. (888 605-7609).

As of Sept. 12, Hewitt had $570 million of share repurchase authority remaining under its existing $750 million authorization.

Hewitt is a human resources outsourcing and consulting services company in Lincolnshire, Ill.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.