Logo Background RSS

Advertisement

Notable Mergers and Acquisitions of the Day 6/29: WW, ORCL/JAVA, EPD/TPP

  • Written by admin | No Comments Comments
    Last Updated: June 29th, 2009
    • This weekend, Towers, Perrin, Forster & Crosby, Inc. and Watson Wyatt Worldwide, Inc. (NYSE: WW) announced a merger of equals to form a new, publicly listed company called Towers Watson & Co., with an implied equity value of the transaction of approximately $3.5 billion. The merger will create one of the world’s largest employee-benefits consultancy.

      Watson Wyatt CEO John Haley will serve the combined company as CEO and Towers Perrin CEO Mark Mactas will serve as President.

      The companies see increased profitability through operating synergies. Towers Watson expects to have an annual EBITDAmargin of 17%+ post-integration. They expect $80 million potential

Advertisement

Leave a Comment