Aon Corporation Reaches Agreement on the Sale of Aon Warranty Group
30 Giugno 2006 - 5:33PM
PR Newswire (US)
CHICAGO, June 30 /PRNewswire-FirstCall/ -- Aon Corporation
(NYSE:AOC) today announced it has reached a definitive agreement to
sell Aon Warranty Group (AWG) and its worldwide operations to Onex
Partners, an affiliate of Onex Corporation, a company headquartered
in Toronto, Ontario. Among the AWG businesses to be sold to Onex is
Virginia Surety Company. The acquisition is subject to customary
conditions, including the receipt of required regulatory approvals,
and is expected to close in the fourth quarter of 2006. Terms of
the sale were not disclosed. Aon Corporation ( http://www.aon.com/
) is a leading provider of risk management services, insurance and
reinsurance brokerage, human capital and management consulting, and
specialty insurance underwriting. There are 46,000 employees
working in Aon's 500 offices in more than 120 countries. Backed by
broad resources, industry knowledge and technical expertise, Aon
professionals help a wide range of clients develop effective risk
management and workforce productivity solutions. This press release
contains certain statements related to future results, or states
our intentions, beliefs and expectations or predictions for the
future which are forward-looking statements as that term is defined
in the Private Securities Litigation Reform Act of 1995. These
forward-looking statements are subject to certain risks and
uncertainties that could cause actual results to differ materially
from either historical or anticipated results depending on a
variety of factors. Potential factors that could impact results
include: general economic conditions in different countries in
which we do business around the world, changes in global equity and
fixed income markets that could affect the return on invested
assets, fluctuations in exchange and interest rates that could
influence revenue and expense, rating agency actions that could
affect our ability to borrow funds, funding of our various pension
plans, changes in the competitive environment, our ability to
implement restructuring initiatives and other initiatives intended
to yield cost savings, our ability to execute the stock repurchase
program, changes in commercial property and casualty markets and
commercial premium rates that could impact revenues, changes in
revenues and earnings due to the elimination of contingent
commissions, other uncertainties surrounding a new compensation
model, the impact of investigations brought by state attorneys
general, state insurance regulators, federal prosecutors, and
federal regulators, the impact of class actions and individual
lawsuits including client class actions, securities class actions,
derivative actions, and ERISA class actions, the cost of resolution
of other contingent liabilities and loss contingencies, and the
difference in ultimate paid claims in our underwriting companies
from actuarial estimates. Further information concerning the
Company and its business, including factors that potentially could
materially affect the Company's financial results, is contained in
the Company's filings with the Securities and Exchange Commission.
Investor Contact: Julie Ann Kotowski Aon Corporation 312-381-3318
Media Contact: Thaddeus Woosley Aon Corporation 312-381-2446
DATASOURCE: Aon Corporation CONTACT: Investor Contact: Julie Ann
Kotowski, +1-312-381-3318, or Media Contact: Thaddeus Woosley,
+1-312-381-2446, both of Aon Corporation Web site:
http://www.aon.com/
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