![]() ![]() This rejection led to Willis Group increasing its special cash dividend for Towers Watson shareholders to USD $10 per share. On 18 November 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. It was also reported that Towers Watson CEO John Haley had disposed of his shares in the company in early March 2015 while the merger negotiations were ongoing. Driehaus argued that Towers Watson was worth between 39% and 53% more as a standalone company than by merging with Willis Group. In an open letter, investment adviser Driehaus Capital Management urged Towers Watson shareholders to vote against a proposed merger. ![]() The deal also gave Willis Group shareholders more control despite the company having a lower market capitalization compared to Towers Watson. The revised offer in November increased the value to $130.26 per share, which was still lower than the trading price of Towers Watson shares at the time of the announcement. This value was 9.3% lower than the trading price of Towers Watson's stock was at the time of the announcement of the deal. Criticism Ĭritics of the deal pointed out that the original offer would not be beneficial to Towers Watson shareholders as they would receive a package of shares and a special cash dividend that is valued at $125.13 per share. Willis Group exercised its right to acquire the remainder of Gras Savoye and agreed to purchase 85% of Miller, the leading London independent wholesale insurance broker. Later in 2015, the company moved its domicile to Virginia in the US and delisted from the NYSE and relisted on the NASDAQ. Willis Towers Watson would maintain its domicile in Ireland and list on the New York Stock Exchange. The companies announced the merger on J in a deal valued at $18 billion. WTW changed its Nasdaq stock ticker symbol from "WLTW" to "WTW" effective January 10, 2022. Towers Watson was formed as a merger between Towers Perrin and Watson Wyatt in 2009. ![]() The former Willis Towers Watson formed as a merger of equals between London based Willis Group and Arlington based Towers Watson. It joined the Hedge Fund Standards Board and follows the voluntary code of standards of best practice endorsed by its members. WTW operates in more than 140 countries and has a workforce of more than 40,000 employees. The company was founded in 2016, following a merger of the Willis Group and Towers Watson. There are short videos, a trivia game, and photographs of the City’s attractions from 1,353 feet in the air.Enter on the south side of the building along Jackson Boulevard.įor more details on interesting local attractions and activities, check out our things to do in Chicago page.Willis Towers Watson Public Limited Company, branded as WTW and stylised in its logo as wtw, is a British-American multinational company providing insurance services. Take the time to walk through a small interactive museum about Chicago. There are 360-views from glass windows on every side of the tower, and a railing to hold on to in case you get dizzy. Walk on the glass floor and peer down at the street more than 1,000 feet below. It holds more than 3.8 million square feet of office space.ĭon't miss one of the highlights of the Skydeck, the glass ledge which juts out from the side of the building. The Willis Tower still holds the title as the tallest building in the Western Hemisphere, though, and it’s the seventh tallest building in the world. It was the tallest building in the world for 25 years until the Petronas Towers in Kuala Lampur, Malaysia took this honor. This landmark building on South Wacker Drive, in the West Loop, was constructed in 1973 as The Sears Tower (the name changed in 2003). Gaze across the city’s major attractions, including Lake Michigan and Millennium Park. On a clear day it’s possible to see as far as Indiana, Michigan and Wisconsin. Ride the elevators to the 103rd floor Skydeck, 1,353 feet above the sidewalks to check out a viewing platform and small museum. Willis Tower, the tallest building in the US, is a 1,450-foot modern office block that offers unrivalled views of Chicago. Visit the Skydeck and gaze down over the Chicago cityscape from a dazzling 1,353 feet above the sidewalk. ![]()
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