NEW YORK, July 1, 2015 /PRNewswire/ -- The fairness of the
proposed sale of Towers Watson & Co. ("TW," or the "Company")
to Willis Group Holdings PLC ("WSH") is being investigated by
WeissLaw LLP, a national class action, shareholder rights law firm,
for possible breaches of fiduciary duty and other violations of law
by the Board of Directors of TW. On June 30, 2015, the Company announced a definitive
merger agreement for WSH to acquire TW in a transaction valued at
$8.7 billion. Under the terms
of the agreement, TW shareholder will receive a one-time cash
dividend of $4.87 and 2.6490 WSH
shares for each share of TW they own, implying a per share value of
approximately $125 based on Monday's
closing price of WSH shares.
WeissLaw is investigating whether TW's Board acted to maximize
shareholder value prior to entering into the agreement.
Notably, at least one analyst set a target price of $157 per share, or $32.00 above the offer price. Additionally,
just a day prior to the announcement, on June 29, TW shares traded for $137.98, or approximately $13 above the offer price.
Given these facts, WeissLaw is investigating the Board's
decision to sell TW and whether TW shareholders will obtain their
fair and proportionate share of the Company's continued success and
future growth prospects. If you own TW shares and would like
more information about your rights or our investigation, or if you
have information to share with us, please contact Joshua Rubin by telephone at (888) 593-4771 or
by email at stockinfo@weisslawllp.com.
WeissLaw LLP has litigated hundreds of stockholder class and
derivative actions for violations of corporate and fiduciary
duties. We have recovered over a billion dollars for
defrauded clients and obtained important corporate governance
relief in many of these cases. If you have information or
would like legal advice concerning possible corporate wrongdoing
(including insider trading, waste of corporate assets, accounting
fraud, or materially misleading information), consumer fraud
(including false advertising, defective products, or other
deceptive business practices), or anti-trust violations, please
email us at stockinfo@weisslawllp.com or fill out the form
on our website,
http://www.weisslawllp.com/contact/report_fraud/.
Attorney Advertising. Past results do not guarantee
similar outcome.
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SOURCE WeissLaw LLP