For me, communicating with an institutional shareholder
is like communicating with the White House.
Starboard Value LP, a shareholder of Bristol-Myers Squibb (BMY), provided a statement on its investment in Bristol-Myers: "We are extremely disappointed by the conclusions reached by the proxy voting advisory firms, Institutional Shareholder
Services and Glass, Lewis & Co., LLC.
12 September 2011 - Proxy advisory firm Institutional Shareholder
Services (ISS) has advised shareholders of US reinsurer Transatlantic Holdings (NYSE:TRH) to reject the planned combination with Swiss sector player Allied World (NYSE:AWH) as the deal may not be their best option.
Have the shareholder rights groups spearheaded by CalPERS and Nell Minow's Institutional Shareholder
Services succeeded where Carl Icahn and Boone Pickens couldn't?
FrontFour Capital Group, a significant shareholder of Medley Capital Corporation, announced that it has issued a letter to shareholders highlighting the significant concerns proxy advisory firm Institutional Shareholder
Services has regarding the proposed combination of Medley Capital, Sierra Income Corporation and Medley Management Inc.
Russian long-distance operator Rostelecom (MCX:RTKM) said Tuesday that Institutional Shareholder
Services (ISS) has recommended shareholders to approve the merger of seven Svyazinvest subsidiaries and wireline operator Dagsvyazinform into Rostelecom.
Beleaguered CEOs and companies have appeared before various institutional shareholder
groups and have modified their positions.
Canyon Capital Advisors, the investment advisor to funds and accounts that hold over 8M shares, or approximately 6.3%, of the outstanding ordinary shares of Rowan Companies issued a statement welcoming the recommendation from Institutional Shareholder
Services, or ISS, that shareholders vote against the proposed merger between Rowan and Ensco.
LaSalle Hotel Properties (LHO) announced that independent proxy advisory firms, Institutional Shareholder
Services and Glass Lewis have recommended LaSalle shareholders vote "FOR" the pending merger with Pebblebrook Hotel Trust (PEB).
Perry Ellis announced that independent proxy advisory firms, Institutional Shareholder
Services, or ISS, and Glass Lewis, recommend that Perry Ellis shareholders vote "FOR" the proposed acquisition by the entity controlled by George Feldenkreis at Perry Ellis' special meeting of shareholders scheduled for October 18.
Pebblebrook Hotel Trust (PEB) commented on the recommendation from proxy advisory firm Institutional Shareholder
Services to vote against the proposed transaction between LaSalle Hotel Properties (LHO) and affiliates of The Blackstone Group L.P.
Services, or ISS, has recommended shareholders of Owens Realty Mortgage "DO NOT VOTE" management's white proxy card and instead "VOTE FOR HOVDE" at the company's annual meeting of shareholders on July 16.