EU Extends Watson Wyatt, Towers Perrin Merger Probe To Dec 3
16 November 2009 - 10:00PM
Dow Jones News
The European Commission Monday extended the deadline for a probe
of a merger between the two largest human-resources consulting
firms in the U.S., Towers Perrin Forster & Crosby Inc. and
Watson Wyatt Worldwide Inc. (WW), to Dec. 3.
The commission will use the extra time to study commitments
offered to alleviate competition concerns. The commission wouldn't
specify what commitments had been offered, but these often include
divestments in areas of high market concentration.
The combined company, to be called Towers Watson & Co.,
would have annual sales of about $3.2 billion with 14,000
employees, and would be publicly listed.
-By Alessandro Torello, Dow Jones Newswires; +32 2 741 14 88;
alessandro.torello@dowjones.com
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