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(Reuters) — Financial services provider Towers Watson & Co. more than doubled its special dividend after shareholders rejected its $18 billion merger with insurance broker Willis Group Holdings P.L.C.
Towers Watson said it would raise the one-time cash dividend to $10 per share from $4.87.
Willis was considering raising its offer for Towers Watson, Reuters reported on Wednesday, citing a person with knowledge of the matter.
The increased offer would come in the form of a larger special dividend for shareholders of Towers Watson, the person said, who spoke on condition of anonymity.
(Reuters) — Willis Group Holdings P.L.C. is considering increasing its offer for Towers Watson & Co. after failing to muster enough shareholder support for its $18 billion merger with the human resources consultancy, a person with knowledge of the matter said.