13 WTHR - Indianapolis News |Corporate Executive Board acquires TowerGroup

Corporate Executive Board acquires TowerGroup

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ARLINGTON, Va. (AP) - Business consultant The Corporate Executive Board Co. said Tuesday it has acquired financial services consultant The Tower Group Inc.

Details of the transaction were not immediately released.

The Arlington, Va.-based Corporate Executive Board provides data and tools, research, and peer insight to corporate executives. Its 2,000 employees serve more than 120,000 professionals in more than 5,000 companies.

Needham, Mass.-based TowerGroup advises financial services business.

Shares of Corporate Executive Board rose 2 cents to $25.68. They fell 5 cents in after-hours trading.

Copyright 2009 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

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