CITY OF FORT MYERS GENERAL EMPLOYEES' PENSION FUND, and Alaska Laborers-Employers Retirement Trust, on behalf of themselves and other similarly situated former stockholders of Towers Watson & Co., Plaintiffs-Below, Appellants,
v.
John J. HALEY, Valueact Capital Management, L.P., and Jeffrey Ubben, Defendants-Below, Appellees.
Supreme Court of Delaware.https://leagle.com/images/logo.png
Before SEITZ, Chief Justice; VALIHURA, VAUGHN and TRAYNOR, Justices; and DAVIS, Judge, constituting the Court en Banc.
VALIHURA, Justice, for the Majority:
This appeal arises from the 2016 "merger of equals" between Towers Watson & Co. ("Towers") and Willis Group Holdings Public Limited Company ("Willis"). In June of 2015, the two publicly-traded firms executed a merger agreement with closing conditioned on the approval of their respective stockholders. Although...
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