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.

Share This Article by Email or Social Web

Posted: 09|6|07 at 4:14 pm. Filed under: Auction News.