Willis-Towers Watson deal unlikely: Janney

The merger between (re)insurance broker Willis and professional
services firm Towers Watson is "unlikely" to go through
under the current terms, according to Janney analyst Robert
Glasspiegel.
The proposed merger, which was announced in June, came under
fire last week after a two major proxy firms lobbied Towers Watson
shareholders to vote against the transaction.
Janney has now added its voice to the chorus, saying
it was unlikely that the deal would go through in a note released
last week...