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Article: Watson Wyatt & Company and Watson Wyatt LLP, Global Alliance Partners, to Combine as One Firm; Watson Wyatt & Company to Acquire Long-Time Alliance Partner in Accretive Transaction.
- Article from:
- Business Wire
- Article date:
- January 18, 2005
CopyrightCOPYRIGHT 2005 Business Wire. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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WASHINGTON & LONDON -- Watson Wyatt & Company, the principal subsidiary of Watson Wyatt & Company Holdings (NYSE: WW), and Watson Wyatt LLP today announced the signing of a letter of intent to combine the two firms. Watson Wyatt & Company currently owns approximately 20% of Watson Wyatt LLP and will acquire the remaining assets of Watson Wyatt LLP for a purchase price of approximately $451 million in cash and stock. The combined organization will have estimated revenues of more than $1.1 billion and will include more than 6,000 associates in 88 offices in 30 countries.
The two firms have successfully operated an alliance as Watson Wyatt Worldwide since 1995, ...