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Towers Watson, Willis Merger Gets Shareholder Nod

Di: Amelia

A federal appeals court has denied insurance broker Towers Watson a rehearing of a May ruling that found it may not be entitled to $80 million in insurance to cover settlements of shareholder Citing a purported secret meeting between then-Towers Watson & Co. CEO John proposed settlement of two J. Haley and an investor, a federal appeals court has reinstated a shareholder lawsuit filed by former Towers Watson The department’s case against the proposed merger of Aon and Willis Towers Watson was the first big trustbusting move by the Biden administration.

Responsibility Statement The directors of Willis accept responsibility for the information contained in this document other than that relating to Towers Watson, the Towers Watson Group and the directors of Towers Watson and members of their immediate families, related trusts and persons connected with them.

Willis Towers Watson expands Asia investments team | The Asset

Towers Watson has merged with insurance broker Willis Group in an $18bn (£11.4bn) deal to create a wide-ranging global advisory, broking, and solutions provider. The all-stock merger will result in Willis shareholders owning approximately 50.1% and Towers shareholders owning approximately 49.9% of Explorez les services et informations de Witiwi pour gérer vos besoins de santé et mobilité internationale en toute simplicité.

Aon & Willis Towers Watson merger nod

The vote is cast, and the proposed mega-merger between brokerage giants Aon Plc and Willis Towers Watson (WTW) has surpassed the shareholder hurdle. On August 26 both camps held their respective extraordinary general meetings (EGMs) of shareholders, who voted in Towers Watson’s insurers have no obligation to pay out their remaining directors and officers coverage to help fund settlements resolving shareholder litigation over the company’s merger with

A history of shared values A strong client focus, an emphasis on teamwork, unwavering integrity, mutual respect and a constant striving for excellence are the values at the core of WTW’s rich history. Many of our clients have been with us from our earliest days. Whether they first came to us for brokerage services or actuarial work, they were met with respect, a strong sense of All persons and entities that were Towers shareholders, including shareholders of record and beneficial owners, as of both October 1, 2015, the record date for Towers shareholders to be eligible to vote on the Merger of Towers and Willis, and January 4, 2016, the date the Merger transaction between Towers and Willis closed, and who were allegedly damaged thereby.

  • Towers Watson and Willis Group pull off a merger of equals
  • IN THE COURT OF CHANCERY OF THE STATE OF DELAWARE
  • Aon & Willis Towers Watson merger nod

Aon Plc (AON.N) and Willis Towers Watson Plc on Monday called off a $30 billion merger that would have created the world’s largest insurance broker, saying U.S. regulators‘ objections created We are accountable to the organizations and people with which we interact – including clients, shareholders, regulators and each other for our actions and results. Respect We listen to and learn from each other. We support and celebrate differences, foster an inclusive culture and operate with openness, honesty and benefit of the The Investor Relations website contains information about Willis Towers Watson’s business for stockholders, potential investors, and financial analysts.

The Fourth Circuit ruled that Towers Watson’s insurance claim for shareholder settlement costs from the 2016 merger was barred by the bump-up exclusion, because the settlement represented an A federal appeals court handed a win to insurers on a controversial directors and officers provision, ruling that the “bump-up” exclusion barred coverage for a settlement—including a portion that went toward attorneys’ fees—in post-merger shareholder litigation against Willis Towers Watson Plc.

Paul Clement speaks to the media following arguments before the US Supreme Court in Washington, D.C., on April 22, 2014. Clement is representing insurance broker Willis Towers Watson Plc before a federal appeals court in a dispute over coverage for a post-merger shareholder settlement. Towers Watson shareholders will receive 2.649 Willis shares and a cash dividend of $4.87 for each share held. This values Towers Watson at $125 per share, below the stock’s Monday close of $137.98.

Aon, Willis Towers Watson achieve shareholder nod for mega merger

The underlying litigation involved a shareholder dispute over the 2015 reverse triangular merger between Willis Group Holdings plc and the insured, Towers Watson & Co. Shareholders of Towers filed three lawsuits alleging that Towers’ former CEO stood to receive an undisclosed compensation package if the merger closed.

The merger of HR consultancy Towers Watson and insurance broker Willis Group raised plenty of cross-border challenges for their legal advisers at Gibson, Dunn & Crutcher on both sides of the Atlantic. Edward Russell-Walling reports. Aon and Willis Towers Watson have abandoned a $30bn tie-up that would have created the world’s biggest insurance broker after the US government sued to block the merger. Towers Watson & Co. (Towers Watson) was insured under a directors and officers (D&O) liability policy by National Union Fire Insurance Company of Pittsburgh, PA (National Union) and had excess coverage from other insurers. Following a merger with Willis Group Holdings plc (Willis), Towers Watson shareholders filed class actions alleging that the merger

Despite substantial shareholder criticism of the deal, Towers Watson & Co. and Willis Group Holdings P.L.C. shareholders on Friday approved their merger in an $18 billion deal. “Shareholders of Towers Watson has been hit with another roadblock on its long and winding road to reach coverage for $90 million in settlements of two lawsuits related to its merger with broker Willis in 2016. A May 28, 2025, the United States Court of Appeals for the Fourth Circuit ruled against Towers Watson, finding that its claim for loss related to the settlement of shareholder litigation arising from the 2016 transaction that combined Towers Watson with Willis Group Holdings was barred by the bump-up exclusion in the applicable D&O insurance policies.

Shareholders in Willis will own 50.1 per cent of the combined group, with the remainder going to Towers Watson investors, who will also receive a one-time dividend of $338m. Given that its merger with Aon was halted due to regulatory concerns, Willis Towers Watson’s smaller size could create acquisition opportunities that its larger peers can’t realize. The Investor Relations website contains information about Willis Towers Watson’s business for stockholders, potential investors, and financial analysts.

Willis, Towers Watson merge to create $18 billion company

On November 18, 2015, the board of Towers Watson failed to get enough investor support for the deal, with only 40% of shareholders voting in favor of the proposed merger with Willis Group. [11] WTW has reintroduced its “Willis” and “Towers Watson” names as sub-brands for its Watson has merged with risk and broking, as well as health, wealth and career segments, respectively. The vote is cast, and the proposed mega-merger between brokerage giants Aon Plc and Willis Towers Watson (WTW) has surpassed the shareholder hurdle. On August 26 both camps held their respective

Towers Watson & Co. investors will get $75 million to resolve allegations stemming from the 2016 merger that created Willis Towers Watson PLC after a federal judge in Virginia granted final approval.

This Notice concerns the proposed settlement of two separate class actions: the Federal Action and Delaware Action, described below (together, the “Actions”). Both of the Actions relate to the merger transaction (the “Merger”) by which Towers and Willis Group Holdings plc (“Willis”) merged to become Willis Towers Watson plc (“WTW”). that would have created The Merger closed on January 4, 2016. Insurance broker and risk adviser Willis Group Holdings and and professional-services firm Towers Watson announced plans to combine in a $18 billion deal dubbed as a “merger of equals.” The phrase is a euphemism of sorts, though, because Willis shareholders would own 50.1% and Towers Watson