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News Breaks
February 7, 2013
06:01 EDTTWTowers Watson reports Q2 EPS $1.48, consensus $1.26
Reports Q2 revenue $946.2M, consensus $897.09M
News For TW From The Last 14 Days
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November 30, 2015
09:22 EDTTWTowers Watson says investors to benefit from range of factors in Willis deal
Towers Watson (TW) highlighted important details regarding the enhanced terms of its proposed merger with Willis Group Holdings (WSH). On November 19, 2015, based on feedback received from extensive stockholder outreach and following negotiations with Willis, the Towers Watson Board of Directors unanimously approved an amended merger agreement under which the one-time cash dividend to be paid to Towers Watson stockholders will be increased over 100% to $10.00 per Towers Watson share. In reaching its determination, the Towers Watson Board considered a range of factors, including the value to be received by Towers Watson stockholders, the negotiation process resulting in the revised terms, and the desire to maintain post-merger synergies. Towers Watson said stockholders will benefit through a total implied consideration has increased by $10.48 per share as well as retention of approximately 49.9% ownership interest in a leading integrated global advisory, broking and solutions firm that is expected to deliver approximately $4.7B in total incremental value to stockholders through a combination of cost savings, revenue synergies and tax efficiencies.
November 25, 2015
13:30 EDTTWAdvisory firm: Willis should boost dividend for Towers holders, Reuters says
Proxy advisory firm ISS issued a statement recommending Willis Group (WSH) boost its special cash dividend for Towers Watson (TW) shareholders to at least $13.44 as part of the proposed merger of the two companies, reports Reuters. Based on similar "mergers of equals," $13.44 would represent the biggest discount typically seen in those types of deals, while a special dividend closer to $15.92 would match the median discount, according to the report. Reference Link
November 23, 2015
08:04 EDTTWTowers Watson reiterates support for Willis merger to shareholders
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06:40 EDTTWWillis Group upgraded to Hold from Sell at Deutsche Bank
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November 20, 2015
08:46 EDTTWTowers Watson adjourns special stockholder meeting to December 11
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November 19, 2015
14:02 EDTTWDriehaus calls Towers Watson, Willis deal terms 'inadequate'
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09:13 EDTTWWillis Group, Towers Watson agree to amended terms for merger
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08:49 EDTTWTowers Watson to increase one-time cash dividend under amended Willis merger
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08:37 EDTTWWillis dividend would be 'reasonable compromise,' says Sterne Agee CRT
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November 18, 2015
15:02 EDTTWWillis Group to host special shareholder meeting
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14:56 EDTTWTowers Watson to host special shareholder meeting
Special Shareholder Meeting to vote on the proposed merger with Willis Group Holdings will be held in Miami Beach on November 20 at 8 am.
14:13 EDTTWWillis considering raised bid for Towers Watson, Reuters reports
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08:46 EDTTWTowers Watson says November 18 meeting adjourned to November 20
Towers Watson (TW) announced that the Special Meeting of Stockholders scheduled for Wednesday, November 18, 2015 to vote on proposals recommended by Towers Watson's board regarding its proposed merger with Willis Group Holdings (WSH) has been adjourned to November 20, 2015 at 8:00 a.m. local time and will take place at Royal Palm South Beach, 1545 Collins Avenue, Miami Beach, FL 33139. The Special Meeting of Stockholders has been adjourned until November 20, 2015 in order to provide additional time for stockholders to vote. Stockholders who have already voted do not need to recast their votes. Proxies previously submitted will be voted at the reconvened meeting unless properly revoked. Stockholders who have not already voted or wish to change their vote are encouraged to do so using the instructions provided in their voting instruction form or proxy card.
07:18 EDTTWWillis Group, Towers Watson deal poised to be rejected, says Wells Fargo
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