The $ 18bn merger plan of Towers Watson and Willis Corporation continues to cause controversy with investors , as we highlighted in July . Now Driehaus Capital Management , which owns a 1 % stake in Towers Watson , is lobbying against the pending merger , as the company believes that Towers Watson is worth at least 39 % more as a standalone company than by combining with Willis . Driehaus also says it undervalues Tower Watson 's fast - growing OneExchange business . A spokesman for Towers Watson says it is committed to the merger , and confident it will go ahead .
The $18bn merger plan of Towers Watson and Willis Group continues to cause controversy with investors, as we highlighted in July. Now Driehaus Capital Management, which owns a 1% stake in Towers Watson, is lobbying against the pending merger, as the company believes that Towers Watson is worth at least 39% more as a standalone company than by combining with Willis. Driehaus also says it undervalues Tower Watson's fast-growing OneExchange business. A spokesman for Towers Watson says it is committed to the merger, and confident it will go ahead.