The ticker and trading information for Blackstone Group is displayed at the post where it is traded on the floor of the New York Stock Exchange (NYSE) Private equity firm Blackstone has agreed to buy the employee benefits outsourcing business of insurer Aon in a deal worth $502 million . London -based Aon wants to divest itself of the business to boost capital in order to buy back shares. The sale means Aon takes on the benefits packages of 15 percent of American workers and Blackstone has room to develop in growth areas such as cyber security and health coverage.
Private equity firm Blackstone has agreed to buy the employee benefits outsourcing business of insurer Aon in a deal worth $502 million . London -based Aon wants to divest itself of the business to boost capital in order to buy back shares. The sale means Aon takes on the benefits packages of 15 percent of American workers and Blackstone has room to develop in growth areas such as cyber security and health coverage.