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A large independent proxy consulting firm supports an activist investor Ancora’s call for shareholders Voting against the member of the society at the approaching annual meeting against the member of the Yole Air Council.
Institutional shareholder services Recommended this forward (ISS) this forward (Nasdaq: Fwrd) Shareholders, according to Monday, the Chairman George George Mayes and Directors reject the re-election of Javier Police and Laurie Tucker.
AnCora blamed the trio to control the controversial combination with the expeditor omni logistics. This deal is socialized as it was established through a number of operations to vote from shareholders. The debt went forward with the balance sheet (at the end of the first quarter), and 38% of the capital share and voting block Omni’s private capital was given to the private capital.
FWRD shares after the August 19923 deal decreased from the Shares and 85% from today.
The company protested the pressure of the shareholder earlier this year Agrees to implement a strategic study of their choicesIncludes potentially sell the company to private equity. Ancora said that since then, “Slowly Walking” the research process, recently said that they have implemented improvements with the interested parties.
“There is a business for a strategic review process for a strategic inspection process, a strategic review process for a strategic inspection process associated with management failures related to the acquisition of value-destructive omni,” AnCora said. “Shareholders have the right to worry about worrying about a positive result of a positive result of the Track Record of the M & A decision of the Track.”
50.1% votes are required for the selection of three board members. The results of the election will be approved at the annual meeting of 11 June.
The company also asks shareholders To confirm a reincurpora from Tennessee DelawareMore corporate friends say it is a right view and facilitates the easiest to sell the company. However, Ancora claimed that the movement was a correction of the company’s changed position in Tennessee M & A, who was not engaged in the potential buyer and thus maintaining the current makeup of the board.
The stock exchange was recorded in the stock exchange with the forward, Securities and Exchange Commission, which explores all the potential options to increase the value of “Take account for shareholdings.” At the same time, it is likely that there is a negotiation in the “Participants in the Process”, which includes potential buyers, he said.
