Shareholders Foundation, Inc.

Towers Watson & Co (NASDAQ:TW) Shareholder Notice: Lawsuit Filed Against Buyout by Willis Group Holdings

A lawsuit was filed for investors in shares of Towers Watson & Co (NASDAQ:TW) in connection with the proposed takeover was announced and NASDAQ:TW stockholders should contact the Shareholders Foundation.

 

San Diego, CA -- (SBWIRE) -- 07/22/2015 -- The Shareholders Foundation announces that an investor who currently holds shares of Towers Watson & Co (NASDAQ:TW), filed a lawsuit in effort to halt the proposed takeover of Towers Watson & Co. by Willis Group Holdings for a value of approximately $125.13 per share.

Investors who purchased shares of Towers Watson & Co (NASDAQ:TW) and currently hold any of those NASDAQ:TW shares have certain options and should contact the Shareholders Foundation at mail@shareholdersfoundation or call +1(858) 779 - 1554.

The plaintiff alleges that the defendants breached their fiduciary duties owed to NASDAQ:TW stockholders by agreeing to sell Towers Watson & Co too cheaply via an unfair process to Willis Group Holdings.

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.

However, the plaintiff claims that the proposed consideration NASDAQ:TW shareholders will receive is grossly inadequate and undervalues Towers Watson & Co. Indeed, at least one analyst has set the high target price for NASDAQ:TW shares at $157.00 per share and NASDAQ:TW shares traded prior to the takeover announcement in the open market on June 26, 2015 as high as $141.88 per share. Furthermore, Towers Watson & Co reported that its Total Revenue rose from over $3.25 billion for the 12 months period that ended on June 30, 2012 to over $3.48 billion for the 12 months period that ended on June 30, 2014 and that its Net Income for those respective time periods increased from $260.21 million to $353.24 million. Shares of Towers Watson & Co (NASDAQ:TW) grew from $50.17 per share in November 2012 to as high as $141.88 per share on June 26, 2015. In addition, the plaintiff claims that the process is also unfair to NASDAQ:TW stockholders.

On July 20, 2015, NASDAQ:TW shares closed at $127.88 per share.

Those who are current investors in Towers Watson & Co (NASDAQ:TW) shares 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