In an interesting development in the consulting industry, top management consulting firms Towers Perrin (my employer) & Watson Wyatt have decided to merge in an all-stock deal valued at $3.5 billion. The combined entity will be called Towers Watson & Co. with over $3 billion in annual revenues and about 14000 employees. The transaction is expected to be completed in the 4th quarter of this year.

Read more about this exciting story:

http://www.bloomberg.com/apps/news?pid=20601087&sid=aeG83HMGjMKA

http://www.reuters.com/article/mergersNews/idUSN2834132920090628

http://www.cnbc.com/id/31604835

Press release from Towers Perrin http://bit.ly/nfXAP