Towers Watson & Co. plans to increase the price of its $18 billion merger with Willis Group Holdings PLC after failing to get enough shareholder support for the original terms, according to The Wall Street Journal.
The professional services company plans to roughly double a special dividend that is currently $4.87 per share in an effort to get a majority of its shareholders to vote in favor of the deal, WSJ reported.
A vote of Towers Watson shareholders fell short on Wednesday and was adjourned until Friday. A vote of Willis’s shareholders, whose support is also needed, was rescheduled for Friday. Willis is a European insurance broker.
Full content: The Wall Street Journal
Want more news? Subscribe to CPI’s free daily newsletter for more headlines and updates on antitrust developments around the world.
Featured News
CMA Launches Phase 2 Probe into AlphaTheta’s Acquisition of Serato
May 16, 2024 by
CPI
NFL Executive Escapes Testifying in High-Stakes Trial Over Televised Games
May 16, 2024 by
CPI
EU Consumers Lodge Complaint Against Chinese Retailer Temu Over Content Rules Breach
May 16, 2024 by
CPI
EU Regulators Assessing Car Repair Market Amid Calls for Increased Competition
May 16, 2024 by
CPI
Turkish Competition Authority Imposes Fine on Google for Local Search Services
May 16, 2024 by
CPI
Antitrust Mix by CPI
Antitrust Chronicle® – Ecosystems
May 9, 2024 by
CPI
Mapping Antitrust onto Digital Ecosystems
May 9, 2024 by
CPI
Ecosystems and Competition Law: A Law and Political Economy Approach
May 9, 2024 by
CPI
Ecosystem Theories of Harm: What is Beyond the Buzzword?
May 9, 2024 by
CPI
Open Ecosystems: Benefits, Challenges, and Implications for Antitrust
May 9, 2024 by
CPI