Leading Independent Investment Research, Morningstar, Inc.

Morningstar

Leading Independent Investment Research

Morningstar, Inc.

Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. We offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors. 

Morningstar provides data on more than 500,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 16 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries, with more than $180 billion in assets under advisement or management as of June 30, 2015. We have operations in 27 countries.

Download the Morningstar Fact Sheet : http://corporate.morningstar.com/US/documents/MarketingFactSheets/AboutMorningstarFactsheet.pdf

Event-Driven

<ul><li class="p1">Towers Watson (TW) and Willis Group (WSH) completed the $18 billion merger in January to form Willis Towers Watson, the third largest professional advisory firm and insurance broker by revenue after MMC and Aon.</li><li class="p1">Shares are undervalued at a 22% discount to our $140 fair value estimate as we think investors underappreciate the value-creating opportunities now available</li></ul><p><em>Analyst: Vincent Lui</em></p>

Towers Watson (TW) and Willis Group (WSH) completed the $18 billion merger in January to form Willis Towers Watson, the third largest professional advisory firm and insurance broker by revenue after MMC and Aon.Shares are undervalued at a 22% discount to our $140 fair value estimate as we think investors underappreciate the value-creating opportunities now availableAnalyst: Vincent Lui

A Big Merger Makes the New Willis Towers Watson a Good Bet