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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.
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