InfoAnda - EU Clears Merger Of Towers Perrin And Watson Wyatt, Subject To Conditions

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Home U.S. World Entertainment Sports Business Health Science Technology Politics Offbeat Environment Travel News Articles EU Clears Merger Of Towers Perrin And Watson Wyatt, Subject To Conditions December 6, 2009 7:53 a.m. EST Topics: World, United States, Companies and Execs Tejinder Singh - AHN Correspondent Washington, D.C. (AHN) - The European Commission, the executive arm of the European Union last week approved under the EU Merger Regulation the proposed merger between U.S.-based consultancy companies Towers Perrin and Watson Wyatt. The commission in its approval statement said that "the approval is conditional upon the parties' commitment to divest Watson Wyatt's life actuarial software business, VIPitech." Although the commission had concerns that the transaction, as originally notified, would have raised competition issues in the field of actuarial software for life insurance in the European Economic Area (EEA), it said, "in the light, of the commitments offered by the parties, the Commission has now concluded that the proposed transaction would not significantly impede effective competition in the EEA or any substantial part of it." Towers, Perrin, Forster & Crosby, Inc. (Towers Perrin) and Watson Wyatt Worldwide, Inc. ( Watson Wyatt) are global consulting firms providing human capital and financial management consulting services. Both Towers Perrin and Watson Wyatt provide services in the fields of retirement benefits consulting, pension administration, investment consulting, human capital services, insurance and financial services consulting and offer a number of software solutions related to their consulting services. Copyright © 2003 - 2009 AHN - All rights reserved.Redistribution, republication. syndication, rewriting or broadcast is prohibited without the prior written consent of AHN.License AHN news for your website, business, digital signage network or publication. Recent Posts Most Popular Comments Recent Comments Popular Threads Home | U.S. | World | Entertainment | Sports | Business | Health | Sci / Tech | Politics | Weird / Offbeat Follow AHN on Twitter AHN Social News connects you with friends and the news Client Login | Submit News | Privacy Policy | Terms of Use | Contact | Content Services © 2009 AHN All Rights Reserved

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