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Monday, March 30, 2009|
Mercer and Callan Call Off Their Wedding
A month and a half after announcing their engagement, Mercer and Callan Associates have decided to terminate their deal. The two firms on Monday issued a one-paragraph press release saying that they are "committed to grow their respective businesses as independent firms."
On February 17, Mercer agreed to acquire Callan Associates in a deal that would create one of the largest investment consulting businesses in the US (see The MFWire, 02/17/09). The deal was expected to close toward the end of this quarter.
Printed from: MFWire.com/story.asp?s=21158
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