Aon Announces Sale of Capital Securities.CHICAGO--(BUSINESS WIRE)--Jan. 13, 1997--Aon Corporation (Aon) announced today that through a subsidiary it has completed the sale of $800 million of preferred Capital Securities. The proceeds will be used to finance, in part, the pending acquisition of Alexander & Alexander Services Inc. (A&A). Aon also announced that all regulatory approvals, including that of the New York New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of Insurance Department, which relate to the pending tender offer for shares of A&A common stock have been obtained. Aon is an insurance services holding company that comprises a family of insurance brokerage, consulting and consumer insurance companies. Aon's common stock (Symbol AOC AOC, n an acronym for the Aromatherapy Organizations Council. ) is listed on the New York, Chicago Chicago, city, United States Chicago (shĭkä`gō, shĭkô`gō), city (1990 pop. 2,783,726), seat of Cook co., NE Ill., on Lake Michigan; inc. 1837. , and London stock exchanges London Stock Exchange London marketplace for securities. It was formed in 1773 by a group of stockbrokers who had been doing business informally in local coffeehouses. . CONTACT: Aon Corporation, Chicago William J. Fasel, 312/701-3983 |
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