TOWERS WATSON STOCKHOLDER NOTICE: Gardy & Notis, LLP Announces the Investigation of Towers Watson & Co. Over the Proposed Sale of the Company to Willis Group Holdings PLC
NEW YORK, June 30, 2015 /PRNewswire/ -- Gardy & Notis, LLP, a leading national securities firm headquartered in New York City, is investigating the proposed acquisition of Towers Watson & Co. ("Towers") (Nasdaq: TW) by Willis Group Holdings PLC for approximately $18 billion.
Under the terms of the transaction, Towers' stockholders will only receive 2.6490 Willis shares for each Towers' share of common stock they own, in addition to $4.87 in cash. The total value of the transaction would be about $125.13 per Tower share. However, at least one analyst has set a price target of $157.00 per share of Tower. Towers' recent trading history shows that the Towers has traded and does trade at higher values than the deal consideration.
The investigation concerns whether the Board of Directors of Towers breached their fiduciary duty to stockholders by failing to adequately shop Towers before agreeing to enter into this transaction, attaching conditions to the merger than make it more difficult for competing offers to emerge, and whether Willis is underpaying for Towers shares.
Gardy & Notis, LLP is a national law firm which represents investors and individuals in class action litigation. The firm is focused on providing exemplary legal services in complex litigation in the areas of securities, stockholder, and consumer litigation, throughout all phases of litigation. The firm has an experienced trial team which has achieved significant victories on behalf of the firm's clients.
If you own common stock in Towers and wish to obtain additional information and protect your investments free of charge, please visit us at www.gardylaw.com or contact Mark C. Gardy, Esq. either via e-mail at [email protected] or by telephone at (212) 905-0509.
Contact:
Gardy & Notis, LLP
126 East 56th Street, 8th Floor
New York, NY 10022
Attn: Mark C. Gardy, Esq.
[email protected]
Phone: (212) 905-0509
Attorney Advertising. (C) 2015 Gardy & Notis, LLP. The law firm responsible for this advertisement is Gardy & Notis, LLP (www.gardylaw.com). Prior results do not guarantee or predict a similar outcome with respect to any future matter. We are happy to discuss your particular case.
SOURCE Gardy & Notis, LLP
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