Towers Watson: Merger To Deliver $4.7 Bln In Incremental Value For Shareholders

(RTTNews) - Towers Watson & Co. (TW) issued a statement in response to the recommendations issued by ISS and Glass, Lewis & Co. regarding the proposed merger of Towers Watson and Willis Group Holdings (WSH).

Towers Watson stated: "The transaction is expected to deliver an estimated $4.7 billion in incremental value for shareholders through clearly-identified cost, tax and revenue synergies. In addition, the combination is expected to result in projected Cash Net Income accretion to Towers Watson shareholders of over 25% for calendar year 2016, increasing to 45% for calendar year 2018."

Towers Watson will hold a special meeting of its stockholders to vote on the proposed merger with Willis on November 18, 2015. Towers Watson stockholders of record as of the close of business on October 1, 2015 will be entitled to vote at the special meeting.