Global consultancy firms Towers Perrin Forster & Crosby and Watson Wyatt Worldwide will be merging with each other in a deal valued at $3.5 billion. Both entities, which advices companies on people and financial management, among others, have a good presence in India.
The merged entity to be known as Towers Watson would have annual revenues of more than $3 billion, both companies said in a statement on Sunday. The proposed deal would help both companies to diversify their businesses, expand their geographical presence and also boost growth.
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