Hewitt extends Dutch auction for 15.63 million common shares
Published September 6th, 2007
Hewitt Associates Inc. extended by a week the deadline of its “Dutch auction” tender offer for 15.63 million of its common shares, to give shareholders — who have so far shown minimal interest in the offer — “additional time to consider the offer and tender shares if they so choose.
The Lincolnshire-based provider of human-resource services originally announced the buyback plan for up to 14 percent of its outstanding shares on August 7. Under the offer, the company said it would pay a price between $28.75 and $32 a share.
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