Willis-Towers Watson deal imperilled by proxy calls

Towers Watson and Willis have issued strong statements
reiterating what they see as the value of their proposed merger
after two major proxy firms urged Towers Watson shareholders to
reject the deal.
On 5 November, Institutional Shareholder Services (ISS) and
Glass Lewis called for Towers Watson shareholders to vote against
the proposed takeover.
ISS said that while it acknowledged the deal's strategic
benefits, cost synergies and value potential, and recommended that
Willis shareholders should