© 2015 The Texas Lawbook.
By Natalie Posgate
(June 30) – London-based Willis Group Holdings and Arlington, Virginia-based Towers Watson announced Tuesday that they have agreed to join forces through an all-stock, $18 billion merger.
After the expected Dec. 31 closing date, the combined global advisory, broking and solutions provider will be based in Ireland and will have approximately 39,000 employees in more than 120 countries.
Both companies hired lawyers primarily from New York, London and Washington, D.C. to lead the corporate aspect of the deal. However, they hired Texas attorneys from Baker & McKenzie and Weil, Gotshal & Manges to handle tax issues.
From Baker & McKenzie, Towers Watson turned to Houston partner Susan Stone, who received assistance from counsel Jerred Blanchard and associates Ross Staine and Patrick Renckly.
Willis turned to partner Jared Rusman and associate Mark Dundon of Weil’s Dallas office. Lawyers from Weil’s Houston office also have a history with Willis’ corporate legal team: they have previously teamed up on pro bono matters.
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