Brussels, 04/12/2009 (Agence Europe) - On Friday 4 December, the European Commission approved the proposed merger between US-based consultancy companies Towers Perrin and Watson Wyatt. The approval is conditional upon the parties' commitment to divest Watson Wyatt's life actuarial software business, VIPitech. The Commission had concerns that the transaction, as originally notified, would have raised competition issues in the field of actuarial software for life insurance in the European...