Towers Perrin, Watson Wyatt to merge – St. Louis Business Journal:
Both firms have offices in Clayton, where they employu a total of150 workers. The expectef equity value of the transactionis $3.5 Towers Perrin said Sunday. The combinex company will be called TowerwsWatson & Co. and have 14,000 employees. The merget will create the world’s biggest employee-benefitz consultancy, Shlomo Rosenbaum, an analyst at , told The Wall Streeg Journal. The deal is an all-stock transaction, and shareholderd of each firm will hold half of the new Watson Wyatt Chief Executive John Hale y will serve as CEO of the combined and Towers Perrin Chief Executive Mark Mactas will serve as A new headquarter has not yetbeen announced.
Towers Perrinm was based in Stamford, Conn., and Watson Wyatty was based in Va. The companies said they anticipatw a shareholder vote in the fourtjh quarter of 2009 and a closin date as soon aspossiblw thereafter.
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