Le Lézard
Classified in: Business
Subject: ATY

SHAREHOLDER ALERT: Brower Piven Commences An Investigation Into The Proposed Sale Of Towers Watson & Co. And Encourages Investors To Contact The Firm For Additional Information



STEVENSON, Md., July 1, 2015 /PRNewswire/ -- The securities litigation law firm of Brower Piven, A Professional Corporation, has commenced an investigation into possible breaches of fiduciary duty and other violations of state law by the Board of Directors of Towers Watson & Co. ("Towers Watson" or the "Company") (NasdaqGS: TW) relating to the proposed buyout of the Company by Willis Group Holdings PLC for approximately $18 billion.

Under the terms of the transaction, Towers Watson shareholders are anticipated to receive 2.6490 Willis shares for each Towers Watson share of common stock they own, in addition to $4.87 in cash.  The total value of the transaction is approximately $125.13 per Towers Watson share.  The transaction may undervalue Towers Watson and may result in a substantial loss for many shareholders.  For example, according to Yahoo! Finance, at least one Wall Street analyst has issued a price target for Towers Watson stock at $157.00 per share.  Recent trading history shows that Towers Watson has traded and does trade at higher values than the deal consideration.

The firm's investigation seeks to determine, among other things, whether the Company's Board of Directors failed to satisfy their duties to shareholders, including whether the Board adequately pursued alternatives to the acquisition and whether the Board obtained the best price possible for the Company's shares of common stock.

If you currently own common stock of Towers Watson and believe that the proposed buyout price is too low, or you would like to learn more about the investigation being conducted by Brower Piven, please visit our website at http://www.browerpiven.com/currentinvestigations.html.  You may also request more information by contacting Brower Piven either by email at hoffman@browerpiven.com or by telephone at (410) 415-6616.

Attorneys at Brower Piven have extensive experience in litigating securities and other class action cases and have been advocating for the rights of shareholders since the 1980s.

CONTACT:
Charles J. Piven 
Brower Piven, A Professional Corporation
1925 Old Valley Road
Stevenson, Maryland 21153
Telephone: 410-415-6616
hoffman@browerpiven.com

SOURCE Brower Piven, A Professional Corporation


These press releases may also interest you

at 11:00
Alberta Investment Management Corporation (AIMCo) announces the appointment of Ms. Jacqueline (Jackie) Sheppard as a member of the board of directors for a term set to expire on June 30, 2021. The appointment of Ms. Sheppard fills the vacancy created...

at 11:00
BRENTWOOD, Tenn., July 17, 2018 /PRNewswire-PRWeb/ -- iTrip Vacations has expanded in Florida. Vacation rental property owners and guests in Fort Lauderdale and Hollywood now benefit from world-class property management and customer service. iTrip...

at 11:00
The Government is committed to advancing gender equality and understands the important role that creating more opportunities for women in all aspects of Canadian life can play in promoting women's empowerment. By investing in projects that improve...

at 11:00
Real estate executives across the country are acknowledging teams and their higher sales volumes with more eagerness than five years ago, a new study from Imprev shows. The Imprev Thought Leader Study, which surveyed brokerage leaders representing...

at 11:00
Agio, a leading provider of managed IT and cybersecurity services for the financial services, healthcare and payments industries, announced today that it is expanding its national presence by opening an office in San Francisco, CA. With its new...

at 11:00
Market Connections, a custom research firm, today announced the results of its 2018 Federal Contractor Study, launched in partnership with Merritt Group, a nationally recognized strategic communications agency, and the Professional Services Council...




News published on 1 july 2015 at 16:15 and distributed by: