Towers Should Reject $8.7 Billion Willis Deal, Advisers Say

  • TW holders were asked to accept excessive discount, ISS says
  • Vote on $8.7 billion transaction is set for later this month

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. Willis declined the most since August in New York trading.

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