Watson Wyatt Merges With TowersZacks Investmentupdated Jan 04, 2010TweetAt GET.com we maintain complete editorial integrity on our content & provide transparent & unbiased information. Companies don't pay us to include their products although we receive a compensation when you successfully apply to products from our partners. See how we make money here.At GET.com we maintain complete editorial integrity.Human resource consulting major Watson Wyatt Worldwide Inc. recently declared the completion of its $4.0 billion merger deal with competitor Towers Perrin Forster & Crosby, in what may be described as a big-ticket merger. The combined entity is called Towers Watson & Co. (TW). The major competitors of Towers Watson are Hewitt Associates (HEW) and Marsh & McLennan Companies (MMC). However, the merger increases the size and scalability of the combination, which should help it grab additional marketshare going forward. Moreover, Towers Perrin has been particularly strong in retirement consulting and risk management, which can be optimally used by the combination. The combined entity declared that it would pay $200 million of cash and issue one-year notes worth $200 million to those former employees of Towers Perrin that willfully chose to depart from the company. Towers Watson expects to issue Class A common shares of about 46.9 million and Class B common shares of about 29.5 million. Although the formalities have been completed, approval from both companies’ shareholders is pending. As this merger will benefit the shareholders of both the companies, so we believe that the process of seeking approval from shareholders will be smooth.Editorial Disclosure: Any personal views and opinions expressed by the author in this article are the author's own and do not necessarily reflect the viewpoint of GET.com. The editorial content on this page is not provided by any of the companies mentioned, and has not been reviewed, approved or otherwise endorsed by any of these entities. Opinions expressed here are author's alone, not those of the companies mentioned, and have not been reviewed, approved or otherwise endorsed by any of these entities.