Towers Perrin and Watson Wyatt to merge - UPDATE 2

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Consultancy firms Towers, Perrin, Forster & Crosby and Watson Wyatt will merge, the two firms announced yesterday.

The US$3.5bn all stock deal will create a new publicly listed company called Towers Watson & Co. Watson Wyatt chief executive John Haley will serve as chief executive of the combined firm, while...

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