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Towers Perrin and Watson Wyatt tie the knot

Posted Jun 29th 2009 11:40AM by Tom Taulli (RSS feed)
Filed under: Deals

Are we seeing the return of "merger Monday"? Well, today there is a big deal: Towers, Perrin, Forster & Crosby Inc. and Watson Wyatt Worldwide Inc. (NYSE: WW) have agreed to a $3.5 billion merger (the equity will be split 50-50). The new entity will be called Towers Watson & Co.

These companies are major operators in the benefits-consulting space, which has been under pressure during the recession. So, why not strengthen things with a tie-up?

Continue reading Towers Perrin and Watson Wyatt tie the knot

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