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Stock Market & Financial Investment News

News Breaks
January 16, 2014
11:29 EDTWSHWillis Group to combine global specialty insurance with Willis UK retail
Willis Group Holdings has announced changes to the structure of its UK-based insurance operations, combining its global specialty insurance business with the Willis UK retail business to create a market-leading client proposition. David Martin, currently the CEO of the UK retail business, will lead the newly combined business and report to Steve Hearn, Deputy CEO of Willis Group.
News For WSH From The Last 14 Days
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July 2, 2015
06:44 EDTWSHInvestors underestimating Towers, Willis merger value, says Piper Jaffray
Piper Jaffray says its analysis on the Towers Watson (TW), Willis Group (WSH) merger indicates investors are underestimating the value creation arising from the deal given its complicated structuring. Piper calculates equity value per Towers share of $152 being offered to existing shareholders in the transaction, and that the deal should generate 2016 earnings accretion of 18% to Towers holders. The firm lowered its price target for Towers shares to $152 from $157 and keeps an Overweight rating on the name.
July 1, 2015
10:00 EDTWSHOn The Fly: Analyst Upgrade Summary
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08:02 EDTWSHTowers Watson should be bought on weakness, says Stifel
After Towers Watson (TW) agreed to merge with Willis Group (WSH), Stifel says that the decline in Towers' stock was overdone. The firm says that some investors are worried that the move signals that Towers Watson is worried about its exchange business. However, the firm believes that Towers Watson made the deal in order to acquire the distribution channel in the hottest part of the exchange business. Stifel thinks that the combined company can generate $10+ in EPS by 2018. It trimmed its price target on Towers Watson to $143 from $148 but keeps a Buy rating on the shares.
07:33 EDTWSHTowers Watson selloff yesterday a buying opportunity, says Jefferies
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07:30 EDTWSHWillis Group upgraded to Buy on Towers Watson merger at BofA/Merrill
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06:55 EDTWSHTowers Watson downgraded to Hold from Buy at Deutsche Bank
Deutsche Bank downgraded Towers Watson (TW) to Hold following the company's planned merger with Willis Group (WSH). Deutsche views shares as fairly valued at current levels.
06:39 EDTWSHWillis Group upgraded to Buy from Neutral at BofA/Merrill
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June 30, 2015
09:26 EDTWSHOn The Fly: Pre-market Movers
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05:19 EDTWSHWillis Group holder ValueAct Capital agrees to vote its shares in favor of deal
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05:18 EDTWSHTowers Watson holders will receive 2.65 shares of Willis per share of TW
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05:15 EDTWSHTowers Watson CEO McCann to be CEO of new company Willis CEO to be Deputy CEO
Upon closing of the transaction, James McCann will become chairman, John Haley, chairman and CEO of Towers Watson (TW), will be CEO and Dominic Casserley, CEO of Williw Group (WSH), will be president and Deputy CEO. The new company’s board will consist of 12 directors total – six nominated by Willis and six by Towers Watson, including Towers Watson’s and Willis’ current CEOs. Additionally, Roger Millay will be CFO.
05:11 EDTWSHWillis Group, Towers Watson to merge in transaction valued at $18B
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05:08 EDTWSHWillis Group, Towers Watson to merge in transaction valued at $18B
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June 29, 2015
06:30 EDTWSHWillis Group announces departure of Deputy CEO Steve Hearn
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