Towers Watson Sued by Shareholder Over Merger Bid - (via NewsPoints Desk)
July 2, 2015
Tags: NewsPoints Towers Watson Willis Group United States Corporate Affairs Mergers &
A Towers Watson shareholder, filed a lawsuit attempting
to block the $18 billion purchase of the company by Willis Group.
The shareholder accused Towers Watson’s board of breach of fiduciary duties, arguing
that the purchase price is insufficient in light of the company's growth
prospects and that deal-protection clauses in the agreement preclude other
companies from submitting successful competing offers.
Towers Watson did not immediately respond to requests for a comment.
To contact the law firm on behalf of shareholders of
Towers Watson for more information call toll free 800.511.7037