Stocks in the news: Watson Wyatt Worldwide, Microsoft, Anglo American
The following post rounds up the companies making headlines today:
Watson Wyatt Worldwide (WW) and Towers, Perrin, Forster & Crosby said Sunday they have agreed to merge in a $3.5 billion deal the two consulting firms hope will help cut costs and create a global professional-services and human-resources group. The new firm will be publicly listed. WW shares declined 2.4 percent in pre-market trade.
Microsoft (MSFT) plans to sell its digital advertising agency Razorfish, according to the Financial Times. Publicis Groupe may be the possible buyer. Shares are up nearly a percent ahead of the bell.