STEVENSON, Md., July 1, 2015 /PRNewswire/ -- The securities litigation law firm of Brower Piven, A Professional Corporation, has commenced an investigation into possible breaches of fiduciary duty and other violations of state law by the Board of Directors of Towers Watson & Co. ("Towers Watson" or the "Company") (NasdaqGS: TW) relating to the proposed buyout of the Company by Willis Group Holdings PLC for approximately $18 billion.
Under the terms of the transaction, Towers Watson shareholders are anticipated to receive 2.6490 Willis shares for each Towers Watson share of common stock they own, in addition to $4.87 in cash. The total value of the transaction is approximately $125.13 per Towers Watson share. The transaction may undervalue Towers Watson and may result in a substantial loss for many shareholders. For example, according to Yahoo! Finance, at least one Wall Street analyst has issued a price target for Towers Watson stock at $157.00 per share. Recent trading history shows that Towers Watson has traded and does trade at higher values than the deal consideration.
The firm's investigation seeks to determine, among other things, whether the Company's Board of Directors failed to satisfy their duties to shareholders, including whether the Board adequately pursued alternatives to the acquisition and whether the Board obtained the best price possible for the Company's shares of common stock.
If you currently own common stock of Towers Watson and believe that the proposed buyout price is too low, or you would like to learn more about the investigation being conducted by Brower Piven, please visit our website at http://www.browerpiven.com/currentinvestigations.html. You may also request more information by contacting Brower Piven either by email at email@example.com or by telephone at (410) 415-6616.
Attorneys at Brower Piven have extensive experience in litigating securities and other class action cases and have been advocating for the rights of shareholders since the 1980s.
Charles J. Piven
Brower Piven, A Professional Corporation
1925 Old Valley Road
Stevenson, Maryland 21153
SOURCE Brower Piven, A Professional Corporation