Proxy Advisers Recommend Towers Watson Shareholders Vote for Willis Merger

Towers Watson & Co. has announced that proxy advisers Proxy Mosaic LLC and Egan-Jones Ratings Co. both recommended that Towers Watson stockholders vote for “the proposed merger of equals” with Willis Group Holdings.

“We are pleased that Proxy Mosaic and Egan-Jones recognize the compelling strategic rationale and value creation potential of a Willis/Towers Watson combination,” said Towers Watson in a statement.

“These recommendations further underscore our belief that this transaction – which is expected to deliver approximately $4.7 billion in total incremental value to stockholders – is a unique opportunity to bring together two highly complementary companies to drive profitable long-term growth. We fully agree that this transaction is in the best interest of our stockholders, and encourage them to support the transaction,” the company continued.

Towers Watson quoted excerpts from Proxy Mosaic’s Nov. 9 report:

Towers Watson went on to quote Egan-Jones’ Nov. 5 report:

Towers Watson said it will hold a special meeting of its stockholders to vote on the proposed merger with Willis at 8:00 a.m. local time on Nov. 18 at the Royal Palm South Beach, 1545 Collins Avenue, Miami Beach, FL 33139. Towers Watson stockholders of record as of the close of business on Oct. 1, 2015 will be entitled to vote at the Towers Watson special meeting.

Source: Towers Watson