Feb 10 Insurance broker Aon PLC said on
Friday it agreed to sell its benefits administration and HR BPO
platform to Blackstone Group LP for $4.3 billion in cash.
Aon said it expected the deal to improve its return on
invested capital and add to adjusted earnings per share in 2018.
The company also said it expects to allocate part of the
proceeds from this transaction to increase its share
The repurchase program has been increased by $5 billion,
bringing the total amount currently authorized for repurchases
to about $7.7 billion as of Feb. 10, Aon added.
(Reporting by Nikhil Subba in Bengaluru; Editing by Shounak