Expert Perspective
by Michael Dennis Graham
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July 20th, 2010
Expert Perspective by Grahall’s OmniMedia Editorial Board
Kevin Crowley’s July 12th article in Bloomberg announcing the planned acquisition of Hewitt Associates by Aon (Aon to Purchase Hewitt for $4.9 Billion in Cash, Stock) sparked a lively conversation amongst our Editorial Board members. Aon is, as Crowley says: “…the world’s largest insurance broker” and Hewitt “…provides payroll and consulting services to 3,000 clients.”
Upon the announcement, Aon’s shares initially dropped by 10% but both Aon’s and Hewitt’s stock prices are up slightly for the week. For Aon, this result might be based on the strength of an upgraded rating from “hold” to “buy” by Bank of America Merrill Lynch analyst Jay Cohen.
But other than some possible anxiety on the part of Aon shareholders, what does this acquisition suggest?
Continue reading “Caveat Emptor” »
Filed under: Expert Perspective
Tags: consulting firms, mergers and acquisitions
Expert Perspective
by Edie Kingston
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August 16th, 2009
Expert Perspective by Grahall’s OmniMedia Editorial Board
In her article for Consulting Magazine, “The Making of a Mega: The New $3.5B Towers Watson & Co.” Jess Scheer says: “Last month, the boards of directors of both firms unanimously approved a definitive agreement under which Towers Perrin and Watson Wyatt will combine in a merger of equals to form a new, publicly listed company called Towers Watson & Co.”
Certainly these two giants of HR consulting will combine to create a behemoth, with as much as $3.5 billion in revenues. And there have been several articles and many professionals quoted (Grahall included) commenting on the challenges of such a merger.
Continue reading “Once they are Mega will Bigga be Betta?” »
Filed under: Expert Perspective
Tags: consulting firms, Mergers & Acquisitions, Towers Perrin, Watson Wyatt
Kevin Crowley’s July 12th article in Bloomberg announcing the planned acquisition of Hewitt Associates by Aon (Aon to Purchase Hewitt for $4.9 Billion in Cash, Stock) sparked a lively conversation amongst our Editorial Board members. Aon is, as Crowley says: “…the world’s largest insurance broker” and Hewitt “…provides payroll and consulting services to 3,000 clients.”