NEW YORK, June 30, 2015 /PRNewswire/ -- Tripp Levy PLLC, a leading national securities and shareholder rights law firm, announces that it is investigating the acquisition of Towers Watson & Co. (NASDAQ: TW) ("TW" or the "Company") on behalf of its shareholders. Willis Group Holdings and TW entered into an agreement whereby Willis will acquire TW in an all-stock merger. Pursuant to the terms of the merger, TW shareholders will receive 2.6490 Willis shares for each TW share. TW shareholders will also receive a one-time cash dividend of $4.87 per TW share. Based upon the closing price of Willis stock prior to the announcement of the merger, TW shareholders will receive an implied price of approximately $125.13 per share.
Our investigation has determined that the implied offer price of only $125.13 per share (based upon the closing price of TW stock on June 29, 2015), unfairly under-values the true going forward inherent value of TW and that shareholders are not receiving the maximum value for their shares. Indeed, at least one analyst has opined that TW's stock is worth at least $157 per share, and notably the stock was trading higher than the merger price the day prior to announcement of the merger ($138 per share). The investigation further seeks to determine whether the senior management of TW are entering into this deal for their own self-interests to the detriment of the company's shareholders.
If you are a shareholder of TW and would like additional information as to how the acquisition may affect your rights as a shareholder, and how you may be eligible to obtain a higher price for your shares, please contact us at no cost at:
Tripp Levy PLLC
New York, New York
Toll free: 800-511-7037
International: 602-241-2841
Email: contact@tripplevy.com
www.tripplevy.com/participate-in-an-action
www.tripplevy.com
Tripp Levy PLLC represents individual and institutional shareholders in mergers and acquisitions transactions and, along with its affiliate, has recovered billions of dollars for shareholders in securities actions around the globe. Tripp Levy PLLC is affiliated with the law firm Milberg LLP. The National Law Journal has named Milberg one of the "50 Elite Trial Lawyer Firms" and one of the "50 Leading Plaintiff Firms in America." Attorney advertising. Prior results do not indicate a similar outcome.
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SOURCE Tripp Levy PLLC
