NU Online News Service, June 29, 2:54 p.m. EDT
The $3.5 billion stock merger deal announced yesterday between consulting giants Towers, Perrin, Forster & Crosby Inc. and Watson Wyatt Worldwide Inc. was followed by a drop in Watson Wyatt stock price today.
In early trading on the New York Stock Exchange, Watson Wyatt, which closed Friday at $41.18, was down more than $3 per share, and a smaller global competitor, EMB, said changes involved in the consolidation should work to its advantage.
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