Watson Wyatt merges UK and US alliance partners

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GLOBAL - Watson Wyatt will merge its principal subsidiary in the US with its UK-based alliance partner to form a global organisation with combined revenues of approximately US$1.1bn.

Washington-based Watson Wyatt & Company, which currently owns about 20% of Watson Wyatt LLP, will acquire the remaining assets of its UK-based partner for around US$451m in cash and stock. The comb...

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