EU Approves $3.5B Watson Wyatt, Towers Perrin Deal

Law360, New York (December 4, 2009, 4:22 PM EST) -- European antitrust regulators have handed a conditional clearance to consulting firm giants Watson Wyatt Worldwide Inc. and Towers Perrin Forster & Crosby Inc. to move forward with their planned $3.5 billion merger.

The European Commission said Friday its approval of the merger was conditioned on Watson Wyatt selling its life actuarial software business, VIPitech. Watson Wyatt said Friday it is currently preparing to sell the business, and noted that it will still be able to retain a license to use the VIPitech software.

The EC said...
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