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US:Towers Watson to boost deal price on $18 billion Willis merger

By  |  November 19, 2015

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.

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    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

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