Wednesday, November 11, 2015
Agents & Broker
ISS Advice on Willis Towers Watson Deal Prompts Short-Term Shareholder Activism
Institutional Shareholder Services’ recommendation that Towers Watson & Co. investors vote against the proposed merger with Willis Group Holdings Plc is legitimizing short-term shareholder activism, ValueAct Capital Management said. The report encourages “bumpitrage,” which is where shareholder activists purchase the stock of …
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