Glass Lewis and Egan-Jones Recommend Western Digital Shareholders Vote for Acquisition Of SanDisk
As well as ISS, but not investor Alken
This is a Press Release edited by StorageNewsletter.com on March 4, 2016 at 2:34 pmWestern Digital Corporation announced that Glass Lewis & Co., LLC and Egan-Jones Proxy Services, independent proxy advisory firms, have both issued a report recommending that Western Digital shareholders vote to approve the issuance of Western Digital common stock in the proposed acquisition of SanDisk Corporation and all other proposals described in Western Digital’s proxy statement/prospectus relating to the company’s special meeting of shareholders to be held on March 15, 2016.
Institutional Shareholder Services (ISS), an independent proxy advisory firm, has also advised shareholders to vote for the combination with SanDisk in an earlier report.
“We are pleased that ISS, Glass Lewis and Egan-Jones have all recommended voting in favor of this compelling combination, a further endorsement of the significant value it would create for our shareholders,” said Steve Milligan, CEO, Western Digital.
Western Digital’s board of directors unanimously recommends that shareholders vote for the proposal to issue Western Digital common stock to acquire SanDisk, which is necessary to complete the transaction.
Read also:
Institutional Shareholder Services Recommends Western Digital and SanDisk Shareholders Vote for Merger
ISS is independent proxy advisory firm.
2016.03.01 | Press Release
Western Digital Investor Alken Votes Against Acquisition of SanDisk
“Too expansive”
2016.02.24 | Press Release
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