Skip to content

Brought to you by:
Email Print

Shareholders back Willis Towers Watson

Willis Group Holdings and Towers Watson shareholders last week voted in favour of an $US18 billion ($25 billion) “merger of equals” to create Willis Towers Watson.

Willis CEO Dominic Casserley says the priority now is “successfully integrating the businesses and realising the combination’s full value-creation potential”.

“These efforts are well under way and we expect they will create substantial incremental shareholder value through revenue, cashflow and [earnings] growth superior to what either company could achieve independently,” he said.

Towers Watson CEO John Haley has thanked shareholders for their support.

“We are confident combining Towers Watson and Willis will accelerate both companies’ long-term strategies and create substantial incremental value for shareholders,” he said.

“We look forward to working with Willis to successfully complete the transaction and realise the full benefits of the merger for all of our stakeholders.”

The transaction is expected to close “very early in the new year”. The combined entity will trade on the NASDAQ.

Brought to you by: Brought to you by: