Towers, Perrin, Forster & Crosby, Inc. and Watson Wyatt Worldwide, Inc. (WW) said that at their respective special meetings of shareholders, their shareholders adopted the merger agreement pursuant to which the companies would combine their businesses. Approximately 97% of the shares of Towers Perrin common stock issued and outstanding as of November 2, 2009, the record date for Towers Perrin's special meeting, were voted in favor of adoption of the merger agreement.
In addition, Watson Wyatt shareholders approved the combined company's long term incentive plan. Approximately 99% of the shares of Watson Wyatt Class A common stock present and entitled to be cast on November 3, 2009, the record date for Watson Wyatt's special meeting, were voted in favor of adopting the merger agreement, and approximately 85% were voted in favor of the long term incentive plan. The Parties currently anticipate that the merger would become effective on January 1, 2010.
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