Debutant On The Street: Towers Watson. (TW, HEW, MMC)
Towers Watson (NYSE: TW) will begin trading as of today under the ticker TW.
The company was formed by a $4 billion merger between human resources consultancy Watson Wyatt and Towers, Perrin, Forster & Crosby. Watson Wyatt CEO John Haley will be the combined firm’s chairman and CEO, while Towers Perrin CEO Mark Mactas will act as deputy chairman, president and COO. Towers Watson’s main competitors will be Hewitt (NYSE: HEW) and Marsh & McLennan (MMC).
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