John Haley News

Towers Watson Shareholders ‘Should Reject’ New Willis Deal, Says Proxy Adviser

Towers Watson & Co. shareholders should vote against an $8.9 billion merger with Willis Group Holdings Plc even after the insurance broker increased the offer amid a backlash from investors, proxy adviser Glass Lewis & Co. said in a report. …

Tower Watson Sweetens Willis Merger Offer by Doubling Special Dividend to $10

Willis Group Holdings Plc, the third-largest insurance broker, agreed to better terms for Towers Watson & Co. shareholders in a proposed merger after the consulting firm’s investors said that a June agreement was inadequate. The one-time cash dividend will be …

Willis Weighs Increasing Offer for Towers Watson, Amid Opposition to Deal

Willis Group Holdings is considering increasing its offer for Towers Watson & Co after failing to muster enough shareholder support for its $18 billion merger with the human resources consultancy, a person with knowledge of the matter said. Earlier today, …

Willis ‘Disappointed’ that Tower Watson Shareholders Advised to Reject Merger

Willis Group Holdings plc said it was “disappointed” that Institutional Shareholder Services last week recommended Tower Watson shareholders reject the proposed merger with Willis. “[W]e are disappointed with their conclusion that Towers Watson shareholders should not support the merger. We …

Towers Watson Investors ‘Should Reject’ Merger with Willis: Advisers

Towers Watson & Co. investors should reject a planned merger with insurance broker Willis Group Holdings Plc, proxy advisers Institutional Shareholder Services and Glass Lewis & Co. said. The consulting firm’s holders should seek improved merger terms, or “the better …

Towers Watson Shareholders Plan to Vote Against Merger with Willis: Sources

Stakeholders who own millions of shares in Towers Watson & Co. are planning to vote against the firm’s $8.7 billion merger with Willis Group Holdings Plc if the terms of the transactions are not improved, people with knowledge of the …

Business Moves

Towers Perrin, Watson Wyatt Towers Watson & Co. has completed the merger of Towers Perrin and Watson Wyatt. The transaction to form Towers Watson, a global professional services company, was announced on June 28, 2009. Watson Wyatt CEO John Haley …

Business Moves

Towers Perrin, Watson Wyatt Towers Watson & Co. completed the merger of Towers Perrin and Watson Wyatt to form Towers Watson, a global professional services company headquartered in New York City. Watson Wyatt CEO John Haley is Towers Watson’s chairman …

Towers Perrin, Watson Wyatt Complete Merger

Towers Watson & Co. has completed the merger of Towers Perrin and Watson Wyatt. The transaction to form Towers Watson, a global professional services company, was announced on June 28, 2009. Watson Wyatt CEO John Haley will serve as Towers …

Business Moves

Focus Holdings, Capacity Insurance Focus Holdings, LLC in Sunrise, Florida, closed on its acquisition of Capacity Insurance Co. (CIC), a Florida domestic commercial lines insurer, effective July 1, 2009. Focus, better known by the name of its largest subsidiary, MacNeill …