Independent Proxy Firms
posted on
Apr 18, 2011 10:58AM
I want to state up front that I do not own any UNX or HRT shares and am not pumping these stocks. Having said that I found it interesting that two independent proxy firms were consulted to have a look at the merger between these companies.
I haven't read anything about our ongoing merger where any outside proxy firms were brought into the picture for an assessment, only the two BOD's are for it. Correct me if I am wrong. Here is an excerpt of the NR today.
"CALGARY, April 18 /CNW/ - UNX Energy Corporation ("UNX") today announced that two leading independent proxy firms, ISS Proxy Advisory Services ("ISS") and Glass Lewis & Co. ("Glass Lewis"), have both recommended UNX shareholders approve the proposed Plan of Arrangement with HRT Participações em Petróleo S.A. ("HRT") at the Special Meeting of Security holders on April 27, 2011"
It goes on to list the bennifits, etc.....
Why hasn't CMM done the same thing?
We need a credible independent and unbiased assessment of this proposed merger.
Streek
PS. also going to post this on SH. We need all the coverage we can get.