Towers Watson and Willis have issued strong statements reiterating what they see as the value of their proposed merger after two major proxy firms urged Towers Watson shareholders to reject the deal.
On 5 November, Institutional Shareholder Services (ISS) and Glass Lewis called for Towers Watson shareholders to vote against the proposed takeover.
ISS said that while it acknowledged the deal's strategic benefits, cost synergies and value potential, and recommended that Willis shareholders should vote in favour, Towers Watson investors...
More information on : http://www.insuranceinsider.com/willis-towers-watson-deal-imperilled-by-proxy-calls
Posted on Monday Nov 9