Deal Details
Follow-on Offering
Summary
Baird served as a co-manager on this offering
About
Towers Watson & Co. (“Towers Watson” or the “Company”) (NYSE, NASDAQ: TW) recently completed a follow-on offering of 4,921,001 shares, including the over-allotment option, of its common stock at a price of $46.00 per share. The offering generated gross proceeds of $226.4 million and consisted entirely of shares sold by existing owners. The Company will not receive any of the proceeds from the offering.Towers Watson is a leading global professional services company that helps organizations improve performance through effective people, risk and financial management. With approximately 14,000 full-time and contract associates around the world, the Company offers solutions in the areas of employee benefits, talent management, rewards, and risk and capital management. Towers Watson was formed on January 1, 2010, from the merger of Towers Perrin and Watson Wyatt, two leading multi-service firms that provide a broad array of consulting services to organizations around the world.
The Baird team included our dedicated industry bankers and members of our Equity Capital Markets group.
For additional information about this transaction, please contact:
- Date
- October 2010
- Company
- Towers Watson & Co.
- Transaction
- M&A
- Sectors
- Technology & Services
- Target Geography
- North America
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