September 28, 2015 (Shareholders Foundation) - An investigation on behalf of investors of Towers Watson & Co (NASDAQ:TW) shares over potential securities laws violations by Towers Watson & Co and certain of its directors and officers in connection certain financial statements was announced.

The investigation by a law firm focuses on possible claims on behalf of purchasers of the securities of Towers Watson & Co (NASDAQ:TW) concerning whether certain statements regarding Towers Watson & Cos business, its prospects and its operations were materially false and misleading at the time they were made.

On Jun. 30, 2015, Willis Group Holdings (NYSE:WSH) and Towers Watson & Co (NASDAQ:TW) announced the signing of a merger agreement under which the companies will combine in an all-stock merger of equals transaction. Pursuant to the terms of the merger, Towers Watson & Co (NASDAQ:TW) shareholders will receive 2.6490 Willis Group Holdings (NYSE:WSH) shares for each Towers Watson & Co (NASDAQ:TW) share. Towers Watson & Co shareholders will also receive a one-time cash dividend of$4.87 per Towers Watson & Co (NASDAQ:TW)share pre-closing. Based upon the closing price of Willis Group Holdings (NYSE:WSH) stock prior to the announcement of the merger, Towers Watson & Co (NASDAQ:TW) shareholders will receive an implied price of approximately $125.13 per share.

On September 23, 2015, post-market, The Wall Street Journal reported that Towers Watson's CEO, John Haley, netted $10 million while the company was negotiating a widely criticized merger with Willis Group Holdings earlier this year. The announcement of the merger on June 30, 2015 caused the company's stock to fall nearly 9% that day.