WILMINGTON, Del., July 7, 2015 /PRNewswire/ -- Rigrodsky & Long, P.A.:
- Do you own shares of Towers Watson & Co. (NASDAQ GS: TW)?
- Did you purchase any of your shares prior to June 30, 2015?
- Do you think the proposed merger value is too low?
- Do you want to discuss your rights?
Rigrodsky & Long, P.A. announces that it is investigating potential legal claims against the board of directors of Towers Watson & Co. ("Towers Watson" or the "Company") (NASDAQ GS: TW) regarding possible breaches of fiduciary duties and other violations of law related to the Company's entry into an agreement to merge with Willis Group Holdings Public Limited Company ("Willis") (NYSE: WSH).
Click here to learn more: http://rigrodskylong.com/investigations/towers-watson-co-tw.
Under the terms of the agreement, Towers Watson shareholders will receive 2.6490 Willis shares for each Towers Watson share. Towers Watson shareholders will also receive a one-time cash dividend of $4.87 per Towers Watson share pre-closing. Subject to Willis shareholder approval, Willis expects to implement a 2.6490 for one reverse stock split, so that each one Willis share will be converted into 0.3775 Willis Towers Watson shares. If the reverse stock split is approved, Towers Watson shareholders will receive one share of Willis Towers Watson for each Towers Watson share.
The investigation concerns whether Towers Watson's board of directors failed to adequately shop the Company and obtain the best possible value for Towers Watson's shareholders before entering into an agreement with Willis.
If you own the common stock of Towers Watson and purchased your shares before June 30, 2015, if you have information or would like to learn more about these claims, or if you wish to discuss these matters or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Seth D. Rigrodsky or Gina M. Serra at Rigrodsky & Long, P.A., 2 Righter Parkway, Suite 120, Wilmington, DE 19803, by telephone at (888) 969-4242; by e-mail to firstname.lastname@example.org, or at: http://rigrodskylong.com/investigations/towers-watson-co-tw.
Rigrodsky & Long, P.A., with offices in Wilmington, Delaware and Garden City, New York, regularly prosecutes securities class, derivative and direct actions, shareholder rights litigation and corporate governance litigation, on behalf of shareholders in states and federal courts throughout the United States.
Attorney advertising. Prior results do not guarantee a similar outcome.
SOURCE Rigrodsky & Long, P.A.