Towers Watson & Co. Shareholder Alert: Bernstein Liebhard LLP Announces Investigation of Merger with Willis Group Holdings
July 01, 2015
Bernstein Liebhard LLP is investigating whether the Board of Directors of Towers Watson & Co. (“Towers Watson”) (NASDAQ: TW) breached its fiduciary duties to its shareholders in agreeing to merge Towers Watson with Willis Group Holdings (“Willis”).
Under the terms of the agreement, Towers Watson shareholders will receive 2.6490 shares of Willis for each Towers Watson share owned and a one-time cash dividend of $4.87 per share. The investigation is focused on the potential unfairness of the price to Towers Watson shareholders and the process by which the Towers Watson Board of Directors considered and approved the transaction.
Bernstein Liebhard LLP has pursued hundreds of securities, consumer and shareholder rights cases and recovered over $3 billion for its clients. The National Law Journal has recognized Bernstein Liebhard for twelve consecutive years as one of the top plaintiffs’ firms in the country.