1. ISS Recommends Against Towers Watson Merger with Willis Group

    ISS Recommends Against Towers Watson Merger with Willis Group

    Proxy advisory firm ISS recommended that shareholders vote against the proposed merger of Towers Watson and Willis Group Holdings, dealing a blow to the all-stock deal that has come under pressure from investors. Insurance broker Willis Group, whose second largest shareholder is activist investor ValueAct, agreed in June to combine with financial management services provider Towers Watson, in a ...

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