An investigation for investors in Towers Watson & Co (NASDAQ:TW) shares over potential securities laws violations by Towers Watson & Co was announced and NASDAQ:TW stockholders should contact the Shareholders Foundation.
San Diego, CA -- (SBWIRE) -- 10/15/2015 -- An investigation for shareholders in NASDAQ:TW shares over potential securities laws violations by Towers Watson & Co in connection certain financial statements was announced.
Investors who purchased shares of Towers Watson & Co (NASDAQ:TW), have certain options and should contact the Shareholders Foundation at mail@shareholdersfoundation or call +1(858) 779 - 1554.
The investigation by a law firm focuses on possible claims on behalf of purchasers of the securities of Towers Watson & Co (NASDAQ:TW) concerning whether certain statements regarding Towers Watson & Co's business, its prospects and its operations were materially false and misleading at the time they were made.
On Jun. 30, 2015, Willis Group Holdings (NYSE:WSH) and Towers Watson & Co (NASDAQ:TW) announced the signing of a merger agreement under which the companies will combine in an all-stock merger of equals transaction. Pursuant to the terms of the merger, Towers Watson & Co (NASDAQ:TW) shareholders will receive 2.6490 Willis Group Holdings (NYSE:WSH) shares for each Towers Watson & Co (NASDAQ:TW) share. Towers Watson & Co shareholders will also receive a one-time cash dividend of$4.87 per Towers Watson & Co (NASDAQ:TW)share pre-closing. Based upon the closing price of Willis Group Holdings (NYSE:WSH) stock prior to the announcement of the merger, Towers Watson & Co (NASDAQ:TW) shareholders will receive an implied price of approximately $125.13 per share.
On September 23, 2015, post-market, The Wall Street Journal reported that Towers Watson's CEO, John Haley, netted $10 million while the company was negotiating a widely criticized merger with Willis Group Holdings earlier this year. The announcement of the merger on June 30, 2015 caused the company's stock to fall nearly 9% that day.
On October 14, 2015, NASDAQ:TW shares closed at $121.31 per share.
Those who purchased shares of Towers Watson & Co have certain options and should contact the Shareholders Foundation.
Contact:
Shareholders Foundation, Inc.
Michael Daniels
3111 Camino Del Rio North - Suite 423
92108 San Diego
Phone: +1-(858)-779-1554
Fax: +1-(858)-605-5739
mail@shareholdersfoundation.com
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