Le Lézard
Classified in: Business
Subjects: TNM, ATY

WeissLaw LLP: Towers Watson & Co. Under Legal Investigation



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.

 

SOURCE WeissLaw LLP


These press releases may also interest you

at 18:03
Lucara Diamond Corp. ("Lucara" or the "Company") (BOTSWANA:LUC) is pleased to announce that the Board of Directors has declared its first 2018 quarterly dividend of CDN 2.5 cents per share to be payable on April 12, 2018 to the shareholders of record...

at 18:03
The Chartered Professional Accountants of British Columbia (CPABC) applaud the government for its sixth consecutive balanced budget. The government is projecting a budget surplus over the next three fiscal years ­? $219 million in 2018-19; $281...

at 18:03
Lucara Diamond Corp. (BOTSWANA:LUC) ("Lucara" or the "Company") is pleased to announce full year revenues of $220.8 million or $847 per carat (all dollar amounts are in US dollars unless otherwise stated). HIGHLIGHTS Financial:...

at 17:58
The NDP government's ambitious plans for childcare and strengthening public services will help make life more affordable for working families, says Unifor. "After 16 years lost to a B.C. Liberal government obsessed with the wealthy, today's budget...

at 17:56
Prometic Life Sciences Inc. ("Prometic") today provided an update regarding its clinical development programs and confirmation of its priorities regarding its lead drug...

at 17:55
New Gold Inc. ("New Gold" or the "Company") today announces its 2017 fourth quarter and full-year financial results and updates its year-end reserve and resource estimates. The Company previously announced its preliminary 2017 operational results...




News published on 1 july 2015 at 13:10 and distributed by: